[OPE-L:8512] Re: Re: Okishio Theorem 'repudiated'?

From: rakeshb@stanford.edu
Date: Tue Feb 25 2003 - 12:22:36 EST

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Gerald Levy wrote in 8508
> In the abstract that you posted, Okishio did not repudiate the
> Okishio Theorem -- rather, he reaffirmed his belief in it within 
> the context of comparative statics.  

You are missing the point--that is  for Okishio the heuristic 
weakness of theorem and its results: the context in which it is valid 
has no relationship to actual capitalist dynamics. 

Rakesh

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