From: glevy@PRATT.EDU
Date: Sat Nov 29 2003 - 09:52:33 EST
Phil wrote: > Marx's analysis of the value form is not cast at the aggregate level. What 'level' is the value form analysis cast at? The assumption that price equals value holds only at the aggregate level. It certainly does not hold for each and every commodity. Paul C is correct in noting that a large part of Volume III deals with explaining _systematic_ differences between value and price but I wouldn't necessarily concede that the differences in the price of the same bottles of Coca-Cola at different nearby locations during the same time period can be viewed as "random" disturbances. In any event, though, _that_ is a subject whose explanation is not found in Volume III but rather concerns, I think, pricing strategies in oligopolistic markets where there is product differentiation and brand loyalty, etc. I still don't quite comprehend your resistance to reading Volume III. Socialists were eagerly looking forward to reading Volume III when it was published by Engels. It was viewed by them as a major part of "the story" that hadn't been published until that time. When you read other trilogies, do you stop after the 2nd volume if you enjoyed and/or learned a lot from the first 2 volumes in that series? In solidarity, Jerry
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