Re: [OPE-L] science of value science of price

From: Howard Engelskirchen (howarde@TWCNY.RR.COM)
Date: Sat Jul 02 2005 - 08:29:37 EDT

To study value I take it would mean to study the quantitative relations
among labor activities that produce the goods that fill the market.

Price would ultimately be determined by this same structure of
relationships -- that is the prices of things will oscillate around their
value  and the trajectory of the movements of price will track the
trajectory of changes in value.

But wouldn't a social science of price include also other things, e.g. how
enterprises figure costs, special advantages, needs, interests, psychology,
etc., things that would not be taken into account in the study of value as


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