From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Sat Mar 01 2003 - 08:40:51 EST
Re [8524]:
http://unifr.ch/econophysics/articoli/fichier/WrightLawOfValue.pdf
Ian: thank you for letting us know about your paper. I have a pretty
simple and basic question: In the context of examining a "simple
commodity economy" you make a claim about the importance of
Marx's law of value for the "dynamics of price and labor allocation
in commodity economies". Yet, how can the abstraction of a
simple commodity economy tell us anything of significance about the
_dynamics_ of a _capitalist_ economy? You recognize in your paper
that capitalism is a more complex system than a simple commodity
economy ("the simple commodity economy is simple compared to
capitalism"), so I don't understand what relevance the abstraction of
a "simple commodity system" has for capitalism and Marx's law of
value understood in a dynamic context.
In solidarity, Jerry
> I regularly read the OPE-L archives, and have found it very helpful in my
> work.
PS: Thank you. Many other archives readers have told me the same thing.
It is very encouraging to know that our musings are appreciated by others.
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