The paper to be presented by Allin and I to the
EEA value working group is devoted to applying
the Kliman and Sraffian transformation formulae to
the US economy using fixed capital figures from
the BEA along with the a reduced version of the
1987 commodity use table to provide the circulating
capital. We end up with a 49 sector model, and
evaluate the relative predictive powers of the
different transformation formulae.
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> From: John Ernst <ernst@pipeline.com>
> To: Multiple recipients of list <ope-l@anthrax.ecst.csuchico.edu>
> Subject: [OPE-L:4388] Transformation & Fixed Capital
> Date: 15 March 1997 23:07
>
> Has anyone tried his or her transformation procedure with
> fixed capital? Or do you know of anyone who has? I am
> not really interested, at this point, in those procedures
> that only deal with relative prices but rather those that
> attempt to preserve the idea of value.
>
>
> In Chap. 9 of Vol 3, Marx seems to simply "abstract from"
> fixed capital as he transforms values into prices of
> production. I'm not sure if his transformation procedure
> works at all with fixed capital.
>
>
>
> thanks,
>
>
> John
>