But it is productive. It's just that it's not productive of a commodity. It's productive of an intangible service. There is a want and a need for what the speculative investor is doing.

ZhangJiao

No that's not what I said- you are grossly misrepresenting what I have said . . . again.

Go back and read what I said and think again.

With asset price speculation there are often no additional goods or services provided for anyone else so in that sense it is non productive and does not involve the 'production of the commodities are because other people need and want them'.

BooksAndArticles

econ

Capitalism Book Club #1: INTRODUCTION, and the Trouble of Defining "Capitalism"

denlillaapan

No that's not what I said- you are grossly misrepresenting what I have said . . . again.
Go back and read what I said and think again.

With asset price speculation there are often no additional goods or services provided for anyone else so in that sense it is non productive and does not involve the 'production of the commodities are because other people need and want them'.