From: Pen-L Fred Moseley (fmoseley@MTHOLYOKE.EDU)
Date: Mon Mar 26 2007 - 08:59:47 EDT
> But that still leaves unaddressed this point: you are just > asserting--not demonstrating or proving--that the prices of > production of the mop and mos bought with the initial M had to have > been the same as the > prices of production which you derive with your sequential monetary > macro method predicated on the LTV. > > Simply put, there is a difference between assertion and demonstration. Hi Rakesh, I am not sure what kind of “demonstration” you are looking for, but attached is a simple two-sector numerical example, in which C = Pmp and (V + S) = Pms. Is this the sort of thing you have in mind? Comradely, Fred ---------------------------------------------------------------- This message was sent using IMP, the Internet Messaging Program.
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