From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Mon Dec 08 2003 - 08:40:14 EST
Hi Ajit. A quick question -- > <snip, JL>, we have not even opened the pandora box that > in the world of prices of production and not equal > value exchanges, it is not so easy to know how would > prices move with changes in technology, given that > changes in intermediary goods prices could cause > 'perverse effects on all those price changes. Are you thinking of intermediary inputs where there is rent such that the price of the intermediary commodities is greater than their value (which then exerts a ratcheting effect upwards on the prices of other commodities)? Or, does Pandora's Box concern some other phenomenon? In solidarity, Jerry
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