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 such? Howard
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