----------------- HES POSTING ----------------- I confess to suggesting the existence of 2 threads. Accounting would be a fascinating new thread. Hicks is important in that respect, indicating that accounting represents a serious challenge to economic theory. I have never seen an adequate theory of depreciation -- especially when caused by unexpected technical change -- which should be central to accounting. Michael Perelman ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]