In OPE-L 4834, Rakesh wrote that, despite the tendency for profit
rates to equalize,
"in no sense are unit prices converging on some equilibrium state
in this process. I just don't see the justification for input
prices
at t0 being equal to output prices at t1. The idea of stationary
prices is logically independent of the tendency towards the
equalisation of profit rates."
He is absolutely right about this.
Andrew ("Drewk") Kliman
Dept. of Social Sciences
Pace University
Pleasantville, NY 10570 USA
phone: (914) 773-3968
fax: (914) 773-3951
Home: 60 W. 76th St. #4E
New York, NY 10023 USA
"The practice of philosophy is itself theoretical. It is the
critique that measures the individual existence by the essence,
the particular reality by the Idea."
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