Jurriaan Bendien wrote:
>
> In this sense, the Kuznets/Stone measure called "GDP" represents a
> bourgeois solution to the transformation problem: the total "value"
> added equals the total producer's "prices" of net output, the
> assumption being, that there exists a price quantity, which equals
> total value. The quirky paradox is just that, as Peter-Utz Reich
> points out, this approach is irreconcilable with marginality utility
> theory.
>
>
Could you explain this?
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Received on Fri May 8 06:59:35 2009
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