From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Thu May 04 2006 - 20:16:39 EDT
glevy@PRATT.EDU wrote: >Hi again Alejandro, > >What did you think of his reply (abstract below) printed in the same >issue of the _CJE_? Clear as water? > >In solidarity, Jerry > > > > > Reply to Cockshott and Cottrell > Andrew J. Kliman > > Cambridge Journal of Economics, 2005, vol. 29, issue 2, pages > 317-323 > > Abstract: This note reaffirms the author's conclusion that >measured price--value correlations have been tainted by the >influence of industry size and are therefore spurious. >'Deflation' of sectoral prices and values by costs destroys >the correlation only because the theory in question is false, >as the author's original paper proved deductively. Cockshott >and Cottrell's results do not refute this proof. Deflation >destroys the correlation between their simulated prices and >values precisely because their simulation model assumes that >the theory is false. > > > > > Jerry I do not undesrstand Kliman's abstract. Hence I will not read such article soon. When I read this article I will send some comments to ope-l. Muchos y cordiales saludos Alejandro -- Posgrado Facultad de Economía Av. Universidad 3000 Circuito interior México 04510, DF México Tel. 55-56222148 fax 55-56222158 Página web: http://usuarios.lycos.es/vallebaeza
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