tag:blogger.com,1999:blog-2098432983500045934.post2684703833647465020..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Maybe it's different in CanadaThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-31493386267739932982011-04-09T10:18:35.701-04:002011-04-09T10:18:35.701-04:00You caught me :)
In the post I am equating "r...You caught me :)<br />In the post I am equating "real" with that which is often called "non-financial."<br /><br />My point is that it is essential to NOT lump it all together, that it is essential to distinguish "financial" from "non-financial" costs and to keep careful eye on the balance between them.<br /><br />Oh, and as the "non-financial" sector is the <i>productive</i> sector, I prefer the terms "productive" (for non-financial) and "non-productive" (for financial).<br /><br />Thanks for the visit!The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-82987657979301885452011-04-09T09:59:52.940-04:002011-04-09T09:59:52.940-04:00"Financial flows are simply a reflection of r..."Financial flows are simply a reflection of real flows." Harrumph! There are costs associated with finance.<br /><br />And those costs represent a transfer of real resources to the firms in the financial services industry. Flows of money are accompanied by flows of real resources. Frances WoolleyAnonymousnoreply@blogger.com