Re: [OPE-L] price of production/value

From: Fred Moseley (fmoseley@MTHOLYOKE.EDU)
Date: Sun Feb 12 2006 - 22:30:34 EST

On Sat, 11 Feb 2006, Paul Cockshott wrote:

> I don't have any refernces to Sraffian works that do that,
 but I don't doubt that one could reformulate things in that way.

I am not so sure.  I would like to see it actually done,
i.e. assume unequal turnover times and exchanges at
different points in time.  It seems to me that,
if one assumes given physical quantities,
and from these determines relative prices
that will reproduce the same physical quantities
in the next period, then one must assume that
all industries have the same turnover period
and that all exchange take place at the same time -
the end of the single period.


> -----Original Message-----
> From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of Fred Moseley
> Sent: 11 February 2006 15:17
> Subject: Re: [OPE-L] price of production/value
> Hi Paul, thank for your message of last Monday, which I seem to have
> deleted by mistake.
> You said:
> "I agree that the Sraffian theory oversimplifies in this area [the
> "harvest" method].  However, one could recast all of it in terms of rates
> of flow but it is not clear that this would invalidate the result that
> prices of production could be deduced independently of recourse to labor
> values."
> I don't deny that in Sraffian theory prices of production can be deduced
> independently of labor values.  Rather, I argue that this conclusion has
> nothing to do with Marx's theory, because Marx's theory is based on an
> entirely different logical method, and it follows from Marx's logical
> method that prices of production cannot be deduced independently of
> values.
> Paul, would you please send me references of Sraffian works that reject
> Sraffa's "harvest" method and reformulate the theory in terms of unequal
> turnover times and exchanges at different points in time.  I don't see how
> these points could be made consistent with the reproduction of the same
> physical quantities, period after period.
> Thanks very much.
> Comradely,
> Fred

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