[OPE-L:3949] Re: A question: [Was The Transformation Problem]

From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Wed Oct 04 2000 - 11:33:02 EDT

I agree with Paul here, except that I would omit the words "continuous rates
of".  My question is what is the use of calculating precise labor values in that

clyder wrote:

> Once you deal with continuous rates of change of labour productivity
> then you are stepping outside the theoretical space on which the original
> theory of value was based. Samuelson attempted do deal with this
> problem of continuous change in labour productivity and its implication
> for labour values in his paper 'A new labour theory of value for rational
> planning through the use of the bourgeois  profit rate'

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@ecst.csuchico.edu

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