[OPE-L:1121] Re

Allin Cottrell (cottrell@wfu.edu)
Mon, 19 Feb 1996 11:05:47 -0800

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Alan [1114]:

The view widely accepted as 'Marxist' is this: even though Marx virulently
and polemically insists that wine worth $40 is almost never sold for $40
throughout [his writings] ... nevertheless, Marx defines value as if
[prices and values are always equivalent].

I thought we had laid this claim to rest. Once again, and very briefly: If
one takes v = Ap + l as defining value then one will see the equation v = Av
+ l as holding only under price-value equivalence. If one takes v = Av + l
as defining value then one will see the equation v = Ap + l as holding only
under price-value equivalence. The situation is symmetrical. Each side can
with equal justice (i.e., none) claim that the other's equation rests on the
assumption of price-value equivalence.

I hope we have heard the last of this.

Allin.