I had written: > Given that we are to use an average RRI in computing prices > of production, I'm still unclear and repeat my question. > > "How do you compute the values that are to be transformed from a given > set of physical quantities?" ____________________ Ajit wrote: It is because computation of values from a given set of physical quantitites has nothing to do with RRI. Cheers, ajit sinha My question: Ajit, are you saying that one can compute values in the usual way and then use those values to derive a set of prices assuming equal RRI's? If so, would we not have to know something of how much of the value remains in the fixed capital not yet used up? I suspect I may be in *some* agreement with you on this as starting with the usual notion of value and then transforming those values into prices of production with a uniform RRI seems, at best, problematic. One has to ask how useful the usual notion of value is when it comes to using the RRI. Thanks, John
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