Saturday, August 13, 2011

reminder: not re distribnution of wealth ....free distribution of wealth

the notion of redistribution suggests the wrong source

 the dollar equivalent of a producers  marginal/incremental  product
--as properly defined and calculated ---
 may belong to that  producer
 but hardly theequivalent of the  total product

the producers surplus belongs to society
the sunk costs of technology deserve their rightful appropriation
as the surplus of co operation does
and nature's bounty

in as much as society has produced it
what is the value of certain hours of production

the social dividend earned or unearned
  oughta come out of the producers surplus
 in fact oughta be all of the producers surplus

what is the value of a soft ware analyst's timte  on a desert island