From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Fri Oct 06 2006 - 11:25:47 EDT
"The choice of the wage as the independent variable in the preliminary stages was due to its being there regarded as consisting of specified necessaries determined by physiological or social conditions which are independent of prices or the rate of profits. But as soon as the possibility of variations in the division of the product is admitted, this consideration loses much of its force. And when the wage is to be regarded as 'given' in terms of a more or less abstract standard, and does not acquire a definite meaning until the prices of commodities are determined, the position is reversed." Piero Sraffa (PCMC) I'll not give you the page reference because I want you to read the book beyond chapter 2! Cheers, ajit sinha --- Jurriaan Bendien <adsl675281@TISCALI.NL> wrote: > Hi Ajit, > > If the interpretation of Sraffa suggested is wrong, > it would be good to have > an indication why (or at least a ref) so we learn > something... > > Jurriaan > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
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