a response to Paul C's ope-l 1211:
Paul notes that my examples showing that simultaneous valuation is
incompatible with the determination of value by labor-time are an
accounting problem. Sure. What I said was that they are not a
"mere" accounting problem. Why not? Because the relations of
determination implied by temporal and simultaneous valuation
differ, as can be seen by the fact that the quantitative results differ.
Allin, to whom my examples were principally addressed, has conceded this
point (though raising the "convergence" issue, to which I have
responded).
Andrew Kliman