…take these bonds instead.” It is true that, cet. par., the market value of the bonds being offered is about 25% the supposed economic value of the current ones. So…

…the point of the whole exercize. update: Coal still in the ground. GNP and GDP count the value added by mining as the value of the product, not the value…

…the expected value would be the average value of MBSs not the value of the worst of the worst. Still not quite arms length, but not obviously fiddling the price,…

…real value of the money stock increased, because the price level fell, then people would spend more, and also argued that if the real value of the money stock increased…

From Uwe E. Reinhardt in the New York Times: When economists speak of the health system as a “high average-value sector,” they have in mind an average such as the…

…market value for those patents when they are transferred. Meaning that the US part of the company would make a large profit of course: thus accelerating their payment of tax…

…week. There is still considerable value in having a positive and useful government presence in small towns and communities in every corner of the nation.  There is still considerable value…

…a risky strategy which reduces the debt in expected value, we can be sure it is risky, but can’t know about expected values or even our agent’s subjective expected value….

…of capitalists and collective labor, i.e., the working class.” Marx summarized the relationship between the production of absolute surplus value and of relative surplus value in the following passage: Assuming…

…extraordinary dysfunction (not just a change in market views of the long-term fundamental value of the currency), exchange-rate depreciation no longer yields expansionary effects. In my post, I argued that…