Sunday, June 21, 2015

Firm level Extractions from the social surplus : a circular accounting

The social surplus defined as
 Aggregate  value added less wages

The firm level extractions from value added

Are an extraction related to market power not contribution to social productions
 aggregate social use value

Ie a scarcity rent or dynamic residue
Example of each
Ground Lots on 42st NYC

Patents on I phone 6