From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Sun Sep 23 2007 - 12:37:23 EDT
Have you seen Zachariah's work reproducing the results for about 25 other countries? Paul Cockshott www.dcs.gla.ac.uk/~wpc -----Original Message----- From: OPE-L on behalf of glevy@PRATT.EDU Sent: Sun 9/23/2007 1:07 PM To: OPE-L@SUS.CSUCHICO.EDU Subject: Re: [OPE-L] Queries about Karl Marx vs Adolph Wagner on value, exchange value and price formation > Sure the inputs are typically purchased as commodities, but they may > be purchased at prices above or below their values. Hi Paul C: I don't disagree - although, some others on the list (especially from a VF perspective) I was concerned only in establishing a necessary connection between value and commodity price - not an identity. > Thus using market prices and using the economy wide MELT one can estimate > values with some 90% accuracy. Allin and you (and some others) made these estimates for the UK and selected other countries. It remains to be seen how robust the "90% accuracy" figure is for other capitalist economies. In solidarity, Jerry
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