[OPE-L:3776] Re: On the Unimportance of the Transformation Problem

From: clyder (wpc@dcs.gla.ac.uk)
Date: Thu Sep 07 2000 - 05:23:02 EDT

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> Given the explicit assumption of Capital, Volume One which also obtains
> for most of Volumes Two and Three, I don't see the transformation problem
> as important.
> Wasn't it Shaikh who first referred to a 930rices of production as
> reflective of values? Why not just take it as 100% and move on to other
> issues?
I would side with you here. All the empirical studies that I know of apart
from Steedmans back this up, many even more strongly.

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