From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Mon Apr 23 2007 - 11:38:46 EDT
--- ajit sinha <sinha_a99@YAHOO.COM> wrote: > --- Pen-L Fred Moseley <fmoseley@MTHOLYOKE.EDU> > wrote: > > > Ajit, what about capital goods used only for the > > production > > of non-basic goods? > ____________________ > In that case that capital good is a non-basic and a > tech change in that capital good will have influence > on the values of only those non-basics to which it > is > an input. But this is a particular case and should > not > be used for a general argument. > _____________________ > >Fred: > > The further removed a capital good is from the > > production of > > a given final good, the less effect a change in > the > > value of > > the capital good will have on the price of > > production of the > > final good. > ____________________ > But it also depends upon the rate of profits and not > just how removed it is form the good. Take a look at > Sraffa's chapter 6 on dated labor. __________ Fred, I'm sorry. This applies to prices and not labor-values. So in the case of labor-values your distance argument would probably be right. But still it will have some influence. Cheers, ajit sinha __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
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