Thanks to Duncan for his response to my question -- What "has to go" if
one maintains the embodied labour coefficient conception of value? -- in
which he in turn raises the pertinent question of what is gained
thereby. This is a potentially fruitful line of debate, and I'm sorry
that I can't respond right away, but other claims on my time, that I have
been neglecting lately, press on me. I'll aim to get back on this one in
the next few days.
Allin Cottrell