On Thu, 22 Feb 2001, you wrote: quoting some referees comments that you thought excessively harsh: > * price is a relative concept (only) > > * discussion of money and prices in a one-commodity world is > incomprehensible talk > Surely price is an exchange ratio between money and commodities. This immediately makes it a 'relative concept'. It becomes even more relative when we remember that the monetary unit of account is arbitrary - subject to change by fiat in a currency reform. I, for one, can see no meaning for a concept of price in a one commodity world. I find it incomprehensible. -- Paul Cockshott, University of Glasgow, Glasgow, Scotland 0141 330 3125 mobile:07946 476966 paul@cockshott.com http://www.dcs.gla.ac.uk/people/personal/wpc/ http://www.dcs.gla.ac.uk/~wpc/reports/index.html
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