Hi Fred: >Therefore, the "two system" interpretation of Marx's theory - meaning that >Volume 1 is about labor-values only and Volume 3 is about money and prices >- appears to be of more recent origin. Andrew mentions Abraham-Frois and >Berrebi in a late 1970s book as the first authors to present the "two >system" interpretation. Actually, I think before these guys (whom I had >never heard of before), there were Medio (1972) and Morishima (1973) and >Steedman (1977, and before in articles). And even before that Seton >(1957) also presented a "two-system" interpretation. Was Seton the first, >or was there someone before him? Check the 3/4 page article by H.D. Dickinson in The Economic Journal, December 1956. He clearly holds that values are measured in labor time and prices in money. Actually, I can post Dickinson article later on. Alejandro Ramos
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