From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Feb 07 2006 - 17:56:50 EST
On my argument, this proposition makes labour-time the only scalar that could possibly continually cause feasible reproduction proportions. I totally disagree with F&M, and others, if they think that another scalar could do the job. Any other scalar I can think would quickly lead away from feasible reproduction proportions. Andy ------------------------ The empirical evidence seems to be that any attempt to predict prices from other scalar inputs - say oil, electricity etc, gives very poor results. The latest study to show this is Maniatis's work on the Greek economy
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