[OPE-L:4906] Re: ideal vs real value

Gerald Levy (glevy@pratt.edu)
Sun, 4 May 1997 11:53:15 -0700 (PDT)

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In [4905], I wrote:

> Michael P wrote in [OPE-L:4904]:
> > The zero sum game is not inconsistent with crises.
> I agree.

Oops! I misread your sentence, Michael.

I do not think that capitalist crises can be modelled as a zero-sum game.

What do you believe happens to capital values in a crisis? Do you think
that they are only redistributed amongst different players in the game,
i.e. capitalists and other classes, or can aggregate value decline during
the slump?

In solidarity, Jerry