From: Gerald A. Levy (Gerald_A_Levy@MSN.COM)
Date: Fri Jun 11 2004 - 06:44:42 EDT
Hi Paul C. In your empirical calculation of SNLT suggested below, how do you calculate the average *intensity* of labor? In solidarity, Jerry ============ Fred what is wrong with just adding up all the actual labour time across society. Since you are integrating over the social totality what you will get is bound to be the average socially necessary. Of course foreign trade complicates things, but that complicates things in theory as well. The total hours worked by society must be the total socially necessary time done by society - there is no hidden time to skew the average. One may of course discuss whether certain activities are necessary to society and decide to exclude them from the total, but these exclusions are done both in theory and in your empirical measure as well so they cancel out.
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