Comment on Why economics is not a morality tale

Tue, 04 Jun 2013 22:08:31 GMT

As | understand it, it assumes no or low depreciation, but says nothing about the cost of capital. The definition of "profit" that I've been using is "extra profit to the company after all investors have been paid at the rate the market would demand, and employee and entrepreneurs have been reimbursed for their time and effort".

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