From: rakeshb@STANFORD.EDU
Date: Tue Apr 08 2003 - 18:51:37 EDT
Michael E wrote: "Groundlessness does not mean "empty of 'ontic' content". The form itself is not in doubt -- what things are worth assumes a definite form or 'look', namely, the price-form of value. The groundlessness pertains to the quantitative determination of this form, i.e. quantitative price, which is groundless in the sense that no intrinsic causes can be named on which to 'blame' price quantitatively. The causes remain those which just 'happen', i.e. _kata symbebaekos_, those which just 'go along' with and influence the actual event of sale. Such causes may exhibit a regularity which can be ascertained, but such regularity _epi to poly_, i.e. 'in many cases', does not amount to a causal ground. Indeed, the regularity can and does 'regularly' collapse, often unexpectedly." ______________________ What kinds of regularity in quantitative price collapse? Are you referring to a collapse in the absolute price level, i.e., a bout of deflation, or a collapse in the relative stability of exchange ratios? Yours, Rakesh
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