Re: [OPE-L] questions on the interpretation of labour values

From: Ian Wright (wrighti@ACM.ORG)
Date: Mon Feb 26 2007 - 12:26:42 EST

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Diego, Fred

I agree that a better theoretical understanding of the status of
money-capital is crucial to disentangling the labour theory of value
from the neo-Ricardian cul-de-sac. In linear production models of
simple reproduction, the price of money-capital is the rate of profit.
Assume non-commodity money. In your respective approaches, what labour
hours does the price of money-capital represent?

Thanks,
-Ian.

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