Andrew K wrote in [OPE-L:5148]:
> What we maintain is that he held that the price (or value) of an article, at
> the moment it is employed as an input, can differ from its price (value) at
> the later moment when it emerges as output of the same production period (or,
> more precisely, differ from the price (value) of articles of the same type
> when they emerge as outputs) . The reason is precisely that production takes
> time, and so the price (value) can change over time.
Yes, production takes time. Time matters. Circulation also takes time.
Circulation matters.
How does the period of circulation time enter into TSS equations? Is it
instantaneous (by assumption) or can the equations be modified to allow
for a variable circulation time?
In solidarity, Jerry