From: Gil Skillman (gskillman@mail.wesleyan.edu)
Date: Wed Sep 04 2002 - 17:51:26 EDT
Rakesh writes, in part, >At The MEL is also a given precondition, unaffected and "unaffectable" by the transformation. Ajit and Gil have been quite >dismissive about what you Fred take as the givens--the cost prices, the MEL. But this is all perfectly sensible. It will be interesting >to see whether Gil returns to his criticism of your givens. This is a bit harsh, isn't it? I won't speak for Ajit, but I'd ask you, Rakesh, to point to a single passage I wrote in which I've been "dismissive" about taking cost prices or the MEL (the what? is this what Fred calls the "money-value produced per hour of abstract labor"?) as "givens" in the determination of the average rate of profit. I've raised what I believe to be relevant concerns with respect to this formulation, but I don't consider disagreement and engagement on analytical grounds to be "dismissive." Gil
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