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Andrew,
Four citations are below. However, I should have written "When relative
values are reflected in relative prices -- as Marx assumes in Vol. 1 --
i.e, organic compositions of capital are the same across industries.
Under such an assumption, he is fully permitted to use either labor time
or pounds."
"The calculations given in the text are intended merely as
illustrations. We have in fact. assumed that prices = values. We shall,
however, see, in Book Ill., that even in the case of average prices the
assumption cannot be made in this very simple manner." (Chapter 9, fn. at
end of Section 1)
"our assumption, that all commodities, including labour-power, are
bought and sold at their full value" (Chapter 12, third paragraph)
"I assume (1) that commodities are sold at their value; (2) that the
price of labour-power rises occasionally above its value, but never sinks
below it." (Chapter 17, second paragraph)
"On the one hand, then, we assume that the capitalist sells at their
value the commodities he has produced, without concerning ourselves either
about the new forms that capital assumes while in the sphere of
circulation, or about the concrete conditions of reproduction hidden under
these forms." (Part VII, The Accumulation of Capital, fourth paragraph)
Ciao, Paul Z.
***********************************************************************
Paul Zarembka, editor, RESEARCH IN POLITICAL ECONOMY
******************** http://ourworld.compuserve.com/homepages/PZarembka
"Andrew_Kliman" <Andrew_Kliman@email.msn.com> said, on 08/29/00:
>A question concerning Paul Zarembka's OPE-L 2736.
>Hi Paul,
>You wrote:
>: When organic compositions of capital are the same across industries --
>as
>: Marx assumes in Vol. 1 -- relative values are reflected in relative
>: prices. He is fully permitted to use either labor time or pounds.
>Where in Vol. I does he make this assumption. I don't remember it.
>Ciao,
>Andrew
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