[OPE-L:3574] Re: Re: Re: Re: Re: money-capital as initial givens

From: Gil Skillman (gskillman@mail.wesleyan.edu)
Date: Fri Jul 07 2000 - 11:14:55 EDT

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Fred, I don't really understand this point. I know you're busy now, but
could you direct me to a particular paper in which you develop this
argument? Thanks, Gil

>There is no contradiction between equations (2) and (4) if equation (2) is
>understood to apply to the economy as a whole (i.e. to capital in
>general), as I have argued in several papers. Equation (2) (or an
>equation similar to it in my papers) determines the total amount of
>surplus-value and the rate of profit, which then is taken as given in
>the determination of individual prices of production in equation (4).

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