In [OPE-L:4940] Rakesh wrote: > I define prices of production as those which would > have obtained in any ONE period had the profit rate > equalized and demand equalled > supply. For me then price of production is a one period > specific concept. Since you go on in your post to refer to the "real world", are you aware that since disequilibrium is the norm within any capitalist economy (and aggregate supply and aggregate demand only equal each other rarely and fleetingly), then by your definition prices of production rarely, if ever, happen? This is a legitimate position, of course, but I wonder if you are aware of the implication. In solidarity, Jerry
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