>Chai-on:
> 1. Riccardo asked, "Any examples?" to my argument: In value form
analysis,
> the mag. of value can be increased by the act of exchange. This is a big
> difference from the Jerry's IMO.
>
> Chai-on: Mr A sold his product at $10 in the morning and yet sold the
> same product at $12 at noon even with no change in the production
> conditions. In value form analysis, it is seen as an increase of the
> value-mag. But, in mine, it is an increase of the deviation between price
> and value.
I do not believe that v-f theory ('analysis' is not strictly correct) needs
to ditch all the apparatus of sustained c of g prices/values, which is what
your example suggests.
I have almost no disagreement with Chai-on's other comments
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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