Steve writes (3283)
"I doubt that the TSS interpretation will help the LTV survive the
same criticisms it has suffered in a simultaneist guise *when we move to
2 or more sectors with differing capital to labor ratios and/or
differing rates of technical change*. This is why I would like to see
the TSS (after you've presented it in 1-sector guise) presented in
multi-sectoral form."
"Working this out will involve a bit of math, which at present I haven't
the time for (other bits of math are taking priority). But this is a
challenge that I think the TSS school should subject itself to."
In Chapter 11 of 'Marx and non-equilibrium economics' I gave a
a rigorous proof for the multi-sector case, of the major controversial
or disputed aspects of Marx's value theory, with any capital-labour
ratios you want, any profit rates you want and any rates of tech change
you want. (And any level of V you want in any industry you want). There
may be a flaw in it but no-one's pointed it out to me.
Mind you I suspect this is because no-one has actually read it.
Hint, Hint, Wink, Wink.
I'm happy to E-Mail this to anyone who wants. The maths isn't hard,
just novel.
Alan