| Subject: | [socialcredit] real marginal cost | | Date: | Wednesday, November 16, 2005 08:06:10 (-0800) | | From: | William B. Ryan <w_b_ryan @.....com>
|
| In reply to: | Message 3079 (written by Joe Thomson) |
Though not exactly a "free lunch" by strict definition
because they have already been "paid for" in the
capital investment of actual resources consumed in the
past in producing the capital, some seats would go to
w_a_s_t_e per unit time in the present if additional
tickets are not issued per flight to the public.
Think of the gedanken situation where additional seats
are continuously being added though technological
innovation to the airliner, finding better ways of
doing things, building on the cultural heritage that
has already been paid for by our ancestors and
ourselves.
More and more seats would go to w_a_s_t_e if more and
more tickets are not issued in dividend against
capital account.
The illusion of scarcity would be created in the midst
of plenty.
This concept of ticket is something quite different
than a one-to-one "warehouse receipt" against consumer
goods already in existence.
In the Douglas perspective, the ticket itself becomes
an active component in the dynamic process, enabling
consumption from increasing productive capacity, at
little real marginal cost.
-
--- Joe Thomson <thomsonhiyu@shaw.ca> wrote:
(Bill Ryan wrote:-) "Airlines regularly "overbook,"
increasing the chance that all seats will be filled,
minimizing waist."
(Joe replies:-) While there seems to be more airlines
these days that are 'flat' rather than fat, shouldn't
"waist" above be spelled "w-a-s-t-e"? Or are you
proposing they only let people on board that are slim
enough to fit two to a seat?
-
From: "William B. Ryan" <w_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Monday, November 14, 2005 3:22 PM
Subject: Re: [socialcredit] Swanwick principles
Yes, but "cash prices" if they equal "cash credits"
does include profit, from which corporate dividends
are paid and entrepreneurial investment is funded, in
part.
And it depends on what you mean by a "proper ticket,"
doesn't it? Remember, it is only a metaphor, an aid
to understanding.
Airlines regularly "overbook," increasing the chance
that all seats will be filled, minimizing waist.
Which is perfectly analogous to Douglas' concept of
demand made effective being the independent variable
that drives the economy:-
*The business of a modern and effective financial
system is to issue credit to the consumer, up to the
limit of the productive capacity of the producer, so
that either the consumers' real demand is satiated, or
the producers' capacity is exhausted, whichever
happens first.*
-
As to the answer to your last question, I will
eventually finish my dissertation.
-
Triumphofthepast@aol.com wrote:
"cash credits of the population...shall at any moment
be equal to the collective cash prices"
I take this as being quite straightforward: a dollar
of (consumer) prices shall be matched by a dollar of
consumer money -- not literally at every moment but at
regular intervals -- in other words, that consumer
money will function as a proper ticket. Douglas's
statement, taken simply, reflects the fact that money
comes in quantities. That is not the same thing, I
think, as the Quantity Theory of Money. Nor does it
hinder Douglas's projection of dynamic flows.
Since Douglas makes perfect sense to me on this simple
and straightforward reading, I am not tempted by one
that requires a lot more exegesis to make plausible.
Bill, have you a single essay in which you outline
your interpretation of these principles or of A+B? If
so, could you point me to it?
Michael
__________________________________
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|
real marginal cost
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