Financial instrument: Never an Asset
On the basis of discussions on the asset, we make some sorting-outs: 1) Kinds of asset - Human - Physical: machine and land (to site or soil) 2) Kinds of power. - Human power - Mechanical power → “Machine power” - Brain power - Soil power 3) The purpose of rental (unit of rental) -Occupation: Site (site-hour) -Creation: Power (person-hour, machine-hour, acre-hour) → The creation function q= f(p-h, m-h, a-h) Problems of transaction costs . We have to pay transaction costs of various kinds while we stay in Here, as opposed in a Dream, a Preference, Eternity or Cambridge: 1) Commercial transaction costs, while “value being added” of trade - Hitting the triple coincidences , among other (private) costs: . In kind: I have to offer what you would bid. . In degree: I have to bring a fifth of Bovine for your Swine in life. . In site: I have to br...