From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Thu Jun 05 2003 - 09:55:35 EDT
Ernesto wrote on Thursday, June 05: > Problem: > When the organic composition of capital is not uniform, production prices > are different from labour values. > Is it possible to say that the greater the dispersion of organic > compositions the higher the differences between prices and labour values. > In other words: is it true that the price-value differences are an > increasing function of the differences between the actual and the average > organic composition of capital? Hi Ernesto. It's good to hear from you again. By posing your question as above, you are assuming that the dispersion among compositions of capital and between values and PoP has been increasing (hence your question about whether there is an "increasing" transformation problem). Isn't it at least possible that the dispersions have been *decreasing* rather than increasing? As you know, Paul C and Allin have done some empirical work about this. What is your intuitive basis for assuming increasing disparities? In solidarity, Jerry
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