From: Ernesto Screpanti (screpanti@UNISI.IT)
Date: Tue Jun 10 2003 - 03:33:31 EDT
At 15.42 05/06/2003 +0100, you wrote: >Ernesto Screpanti wrote: >>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? >> >There is some evidence to support this. > > > >Values are generally equally good as or better than production prices >as estimates of market prices. >This is supported by a number of studies. > >but there is a positive correlation between >o and m/v where >m= market price >v= value of a commodity >o = organic composition of the capital used in making it. >This result is supported by investigations that I have done >with Allin. > >What is interesting is that the correlation is not a strong as >predicted by the theory in volume III of capital. Actual >prices seem to be about half way between untransformed >values and fully transformed prices of production. This is very interesting. Can you give me the references, please? However I am interested in the theoretical relationship between production prices and values. In solidarity Ernesto
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