Re: [OPE] peanut butter value-form theory

Philip Dunn wrote:
> On Mon, 2009-04-06 at 20:52 +0100, Paul Cockshott wrote:
>
>> Philip
>> Also note that, in the TSSI, the MELT defined as total price over total
>> value is equivalent to total money value added over total labour time of
>> living labour. In this context, 'living labour commanded' and 'dead
>> labour commanded' are equal.
>> ----------------------------
>> But does that not apply only at the average social level not for individual commodities even in the TSSI?
>>
>>
>
> I think it does apply to the individual commodity level. Call the real
> price of commodity x the dollar price times the real value of money
> where the real value of money is aggregate labour-time over aggregate
> dollar wages. Call the absolute price of commodity x the dollar price
> times the absolute value of money where the absolute value of money is
> aggregate labour time over aggregate money (dollars) value added.
>
> True in TSSI, the value of produced commodities deviates from their
> absolute prices (dollars divided by TSSI MELT) -- except that constant
> capital in the TSSI is valued at its absolute price!
>
> In a VF approach there no such deviations. Absolute price are equal to
> intrinsic values.
>
In that case it seems pretty vacuous and untestable as theory.
How can you empirically determine if it is true or false?
>
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Received on Tue Apr 7 05:16:28 2009