From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Fri Feb 23 2007 - 11:09:25 EST
--- Diego Guerrero <diego.guerrero@CPS.UCM.ES> wrote: > Ajit wrote: "I'm sorry, I don't understand your > table. You don't > > specify unit of measurement anywhere and without > it, > > it is not making any sense to me. So please > specify > > the units of measurements" > > > > > > What I call "direct values" (wH), "production > values" (pH) and "market > values" (mH) are quantities of labour and are > measured in hours per unit of > commodity. And "direct prices" (w), "production > prices" (p) and "market > prices" (m) are quantities of money, measured in > euro or dollars per unit of > commodity. _____________________ That's good! This is the only way to proceed. Now three questions:(1) Do (wH), (pH), (mH)stand for say 100, 200, and 300 hours of labor? And if so, then do w, p, and m stand for $100, $200, and $300? (2) What is the difference between direct values, production values and market values and similarly with prices? (3)Where does euro or dollar comes from? Remember! you are in your theoretical world, where you have apparently taken a set of production equations for the production of your commodities and wages for labor etc. If you have specified a relationship of this system with euro or dollar then make it explicit. Otherwise, you have no option than to take something like gold or silver, which is produced as a commodity in your system of production, as a measure of your money variable. Your turn now! Cheers, ajit sinha ____________________________________________________________________________________ Cheap talk? Check out Yahoo! Messenger's low PC-to-Phone call rates. http://voice.yahoo.com
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