From: Gerald A. Levy (Gerald_A_Levy@MSN.COM)
Date: Tue Sep 21 2004 - 16:00:43 EDT
Hi Alejandro.
>>>>>>>>>
Parys predicts discrepancies between labor values and production
prices using technical compositions of capital vertically integrated in
production-price terms. Pary's two main arguments are:
a) A mathematical demonstration that technical composition of
capital vertically integrated in price always predicts correctly the
sense of deviations between labor values and production prices.
>>>>>>>>>
I don't really understand this since if the TCC is "vertically
integrated in price" then it is no longer the TCC.
>>>>>>>>>
b) A counterexample probing that the value composition of capital, the variable used by Marx ,fails in at least one case to predict sense of deviations between labor values and production prices.
>>>>>>>>>
I don't understand this either: what is the difference between the
TCC "vertically integrated in price" (sic) and the VCC? After
all, since c, v, and s are all expressed thru the value-form, they
can be measured as money magnitudes.
In solidarity, Jerry
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