John wrote in [OPE:3290]:
> Given that we are forced to deal with the path of the money rate
> of profit, we have to consider our hypothetical economy as it
> moves through time. <snip>
> When Marx considers
> the manner in which innovation and the production of relative
> surplus value takes place, he gives us the concepts of "social
> value" and "individual value" to show why the capitalists think
> that innovations which are ultimately harmful appear in their
> self-interests. (See Vol. I, Ch 12 ) <snip>
> Within the two views we are discussing, we
> should be explicit about the role of social value as we
> attempt to examine the paths of the money rates of profit
> through time.
Given the assumptions that were accepted by both Andrew and Duncan in the
case of the 1-sector "hypothetical" model under consideration, how is it
possible to view the difference between individual value and social value?
In Solidarity,
Jerry