Re: [OPE-L] fully automated economy and capitalism

From: GERALD LEVY (gerald_a_levy@MSN.COM)
Date: Wed Nov 28 2007 - 13:16:15 EST

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> In Paul C's thought experiment, one can hypothesize that a quantity> analogous to labour content emerges as the basis of economic value.
 
 
 
Hi Dave Z:
 
A quantity of what - "socially necessary robot time"?
 
 
When you say that this emerges as the "basis of economic value",
do you simply mean *exchange value*? 
 
> and the feasible consumption pattern --- and if the economy works with> some degree of efficiency --- then this quantity will emerge as a> regulating force on the prices of commodities.
 
 
So, robotic production time will determine the e-v of "commodities"?
 
This is truly a Sraffian thought experiment - production of products 
by means of products.
 
In solidarity, Jerry

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