From: GERALD LEVY (gerald_a_levy@msn.com)
Date: Mon Jul 28 2008 - 07:08:24 EDT
> But I think the way "VLP" is used by Jerry leads to a weak theory. Hi Dave Z: How so? If you mean that it is weak in a predictive sense to allow for systematic spatial and temporal divergences between the wage and the VLP, then I might agree. That's an _advantage_ of this theory. In other senses, it is not "weak", imo: it is part of a layered and complex analysis. > Rather I'd distinguish:> (a) the labour-value of the real wage Whose real wage? If you say the "average wage" then you have already recognized the problem. Within an "average" there are often wide variations. This is incorporated conceptually through the concept of socially-necessary-labor-time since what is counted as SNLT varies spatially and temporally. In solidarity, Jerry _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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