Paul: I really do not understand. Why do you think that your question is relevant to the TP? We are dealing with the current production of commodities, and there is a single market for commodities. A commodity that was produced in the past with a different technology cannot be the same with a commodity that is currently produced. Please be explicit and direct if you answer my note. Lefteris Tsoulfidis Paul Zarembka wrote: > Lefteris: > > The "price" of a five-year-old tractor as a means of production today > would be what price? Assume the current dollar price is $50,000 and the > dollar price for exact the same piece of equipment was $45,000 five years > ago and that there has been a 10% productivity improvement in the process > of making tractors. > > Paul Z. > > *********************************************************************** > Paul Zarembka, editor, RESEARCH IN POLITICAL ECONOMY at > ******************** http://ourworld.compuserve.com/homepages/PZarembka > > Tsoulfidis Lefteris <lefteris@uom.gr> said, on 10/08/00: > > >Andrew_Kliman wrote: > > >> In OPE-L 3968, Rakesh wrote: > >> > >> "Marx admits that the inputs have to be transformed into prices of > >> production. He does not say that they have to be transformed into the > >> SAME prices of production as the outputs." > >> > >> Excellent point! > >> > >> Do any of the proponents of simultaneism out there have any evidence > >> to dispute this? > >> > > >The above proposition ( that is approved by Kliman) I find it highly > >problematic, to say the least, because it implies two systems of prices > >of production one for inputs and another one for outputs and as a result > >two average rates of profit. This cannot be true because it contradicts > >the nature of capitalism, where there is a tendential equalization of the > >profit rate. Furthermore, what is an input and what is an output is also > >problematic because inputs are outputs and outputs are inputs at the same > >time i.e. there is a single market for both inputs and outputs when the > >economy is viewed as a totality. So either we have a single system of > >prices of production or we simply do not have prices of production at > >all. We just have prices without the equalization of the profit rate > >which can be called whatever but prices of production. > > >Lefteris Tsoulfidis
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