I have changed the title of the "subject" line so that it is more closely related to post substance. I don't know the sender but he has been reading our archives and wishes to make his thoughts known./ In solidarity, Jerry ----- Original Message ----- From: "Vicenc Melendez" <vicenmel@sarenet.es> Sent: Saturday, April 20, 2002 5:45 PM Subject: Ope-l wider participation > I am a lurker of the list via its open access through the web. I have > seen that Kliman, Freeman, Ramos, etc., have left this list. > > In relation with their TSS (or equivalent) theory I think it a > complicated explanation to try to maintain the idea that the same > relation that exists between aggregate labour and aggregate price > magnitude is maintained between plusvalue and profit in price terms. > There is no reason to believe in such an idea. Has the capitalist > entrepreneur any interest on it? > > Altough it seems true that an excessive deviation between real things > expressed in aggregate labour and price can be seen as dangerous by > them, the money has to represent something real, in the end. > > Nevertheless I find useful their theory because puts the emphasis in the > relation between monetary magnitudes and labour magnitudes that > represents the economy in real terms. (This is why I think it is a pity > they do not continue) One of the problems when they put in relation > units of money with a unit of labour is they are not able to know which > is the reason for this ratio to change: Is it due to an increase in > labour productivity? or is it due to an increase in the profit mark-up? > > Nevertheless, it seems to be a more productive field than traditional > discussions on the transformation problem subject. > > Is it so dificult to accept that between price and labour input > realtions it must be taken into account the rate of profit and the wage > as Sraffa presents it in his price > reduction to dated labour time? > > > Yours Faithfully, > > > > Vicenc Melendez > > Barcelona > (Spain)
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