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

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Feb 14 2006 - 04:24:02 EST

 Ian wrote
But I don't think I can support this point of view in a brief email,
so I will not try. A simple analogy might help. It is not possible to
deduce the semantics of a thermostat by observing a set of independent
equilibrium states in which the ambient temperature matches the
thermostat setting. Part of the meaning of the control sub-states of
the thermostat are only revealed in non-equilibrium states, when the
temperature mismatches the thermostat setting. F&M's theory has some
elements of dynamics, but its probabilistic nature does not inherently
address the need to understand the causality of money and abstract
labour out of equilibrium. Capitalism is not just a gas -- it has this
peculiar control structure of money flows that enforce global
constraints locally.

I see what you are getting at there. This is the same
problem that I think I am trying to work on in looking at
the conservation relations entailed in money and credit.
I am particularly interested in the non equilibrium dynamics
aspects too. I have only got atomistic state space differential
analysis in equations so far, not got to the point of constructing
a full simulation. 

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