Duncan wrote:
> >general equivalent form.) If we look at an economy over a specific
period,
> >we can in principle (subject to a number of problems about measurement
of
> >labor, reduction to simple labor, and distinction between productive and
> >unproductive labor) observe how much labor time was expended.
Michael W
What do you think of the suggestion that your parenthetical problems are
repeatedly resolved in reality by the operation of markets (factor markets
as well as output markets)?
Michael
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Dr Michael Williams
"Books are Weapons"
Department of Economics Home:
School of Social Sciences 26 Glenwood Avenue
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email: mwilliam@torres.mk.dmu.ac.uk mwilliam@compuserve.com
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