Monday, March 22, 2010

General government and households

One can conceive of pushing back general government, in fact the whole public sector, into their component households.  They would form a vast subset of the set of households.  These would be the households fed by government payrolls.  As opposed to, say, a household which drew its income from employ in the private sector.  So in reality one can in fact reduce the entire task of social accounting to that for a single sector-the household  sector.

So that is the top break for the entire spreadsheet.  One column per household.  Row wise Assets, Liabilities and Net Worth.  This would complete the simulacrum of homo economicus.

[Via http://sxray.wordpress.com]

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