> But again, the question has no determined answer at this level of abstraction which is a strength,
> because the predictions can be made without such detailed modelling of the production process.
Hi Dave Z:
Then, in what sense can these be taken to be "predictive" of a real process associated with a capitalist
economy? A predictive model has to be adequately specified (i.e. adequate as a specification of the real
subject itself) for its predictions to have any real meaning.
I also note that the ratio of living to dead labor is a trans-historical ratio which is insufficient from the
point of view of a model of a capitalist economy because it breaks the necessary,
real link under capitalism between money and value since both means of production and labor power
take the commodity-form (c and v). In fact, couldn't the model presented be that for a slave
economy? A feudal economy?
In solidarity, Jerry
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Received on Fri Dec 3 10:34:51 2010
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