From: clyder@gn.apc.org
Date: Fri Apr 18 2008 - 10:29:34 EDT
> > Hi Paul C: > > Although Anwar assumes - following Marx - in these papers that gold > is the money commodity, I think that the basic argument made about > the law of absolute costs can be re-cast without that assumption, > e.g. in a model which assumed that the US$ is the universal equivalent > and takes on the role of "world money". It is not the assumption that gold is money that I am questioning here but his understanding of how the gold standard worked. What I am saying is that Ricardos account of it is more plausible than Marx's. > > In solidarity, Jerry > _______________________________________________ > ope mailing list > ope@lists.csuchico.edu > https://lists.csuchico.edu/mailman/listinfo/ope > _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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