At 08:53 AM 4/1/97 -0800, Mike P. wrote:
>Ajit Sinha wrote:
>>
>
>> In my opinion, this is exactly how both Ricardo and Marx proposed to reduce
>> skilled to simple or 'abstract' labor, ie. by wage differentials. I think,
>> it is not an improper way to do it. The other way would be Bob Rowthorn's
>> method, which probably is more appropriate for modern days, where production
>> of training has become a commodity.
>
>
>My problem with this solution is that the wages are set at the level of
>prices.
_______________________
Do you mean the wage differentials are given in terms of money wages? If so,
then I think you have a point there. Could the standard commodity be of some
help here?
Cheers, ajit sinha