[OPE-L:8104] Re: re: marx and labour theory of value

From: Rakesh Bhandari (rakeshb@stanford.edu)
Date: Tue Dec 03 2002 - 21:22:51 EST


re 8099

Paul,

Why should we assume that a commodity's value or price of production 
is determined at the national level? Just because market prices in 
any one nation may seem to be strongly correlated (putting aside 
Kliman's objections) to values and (less so) prices of production as 
calculated on the basis of that nation's accounts does not mean that 
either determines (in any sense) market price.

Yours, Rakesh


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