HOW BIG IS THE FINANCE AND REAL ESTATE SECTOR? A new perspective.

the overstatement of the finance sector pdf

ERRATA: In this posting I mistakenly subtracted gross surplus instead of net surplus from Gross Output to arrive at the “Cost of Gross Output”. The effect of this mistake was to slightly overstate the rates of profit because circulating capital would have been larger.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: