From: Ernesto Screpanti (screpanti@UNISI.IT)
Date: Tue Jun 10 2003 - 03:16:30 EDT
At 09.55 05/06/2003 -0400, you wrote: >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. Can you give me the reference, please? >What is your intuitive basis for assuming increasing disparities? It is very simple: since the price-value differences arise from a difference between actual and average organic compositions, I surmise that the former are an increasing function of the latter. >In solidarity, Ernesto >
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