Steve writes in 4887: > > >Why do I believe Marx would reject this? Because, at least on first glance, >it allows you to put any numbers you like into your system--it brings in a >level of arbitrariness which may appear to make the elaborated system >(multi-commodity) consistent with its precept (labor as the only source of >value), but which makes it impossible to have any structured analysis of >any issue beyond that. But Steve by putting the same input and output prices into your system, you are putting in the numbers you like because only then is the price problem tractable in terms of simultaneous equations (assuming resolution of the distributional issue). But the need to close a mathematical problem does not make the assumption necessary to do so not unrealistic. So I don't see how you have made any argument that the numbers you want to put in (or rather the stipulation that the numbers are the same at t0 and t1) are not unrealistic and thus arbitrary. Yours, Rakesh
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