[OPE-L:4817] Re: Re: Re: eigen-values

From: Steve Keen (s.keen@uws.edu.au)
Date: Tue Jan 30 2001 - 15:28:52 EST

Hi Rakesh,

I don't even want to contemplate trying to introduce quantum mechanics into
value theory--or vice versa.

I might check out Lindley, to keep my hand in on that area.

At 03:14 AM 1/30/01 -0800, you wrote:
>re Steve's 4810
>>Hi Jerry,
>>I think the eigenstate concept Rakesh is referring to is rather different
>>in spirit from the eigenvalue-vector analysis to which you refer. Matrix
>>methods do form part of quantum mechanics, but the overall package is quite
>>a different ballgame from Leontief.
>I wouldn't know  the difference. In my analogy, the commodity is 
>collapsed into one of two eigenstates. If |x1> is the eigenstate of 
>value--that is, if through measurement a commodity collapses into 
>this state--we could represent the magnitude of that value by 
>allowing this vector to assume various coefficients or eigenvalues (a 
>commodity's value could then be represented by the length of this 
>eigenvector). But again it is impossible to go simply from the money 
>price at which a commodity sells to determinate knowledge of its 
>value even though a commodity only comes to be a value once it is 
>sold for a money price.  So in terms of my analogy there really are 
>no determinate eigenvalues, simply changes in the "state" of a 
>commodity through monetary measurement.
>>Albert's book is well worth reading for anyone with a passing interest in
>>quantum mechanics, as it provides a deterministic alternative to the
>>Copenhagen interpretation of quantum uncertainty--one of many these days,
>>it seems, but this is the earliest, stemming from the work of Bohm in the
>What then do you make of the criticisms of Bohm's 
>information-theoretic, pilot wave theory later developed by Roland 
>Omnes and reprised by David Lindley (Where does the Weirdness Go?) Is 
>there a Marxist or dialectical materialist or critical realist 
>position on wave mechanics? I hope not...
>Yours, Rakesh
Dr. Steve Keen
Senior Lecturer
Economics & Finance
Campbelltown, Building 11 Room 30,
School of Economics and Finance
s.keen@uws.edu.au 61 2 4620-3016 Fax 61 2 4626-6683
Home 02 9558-8018 Mobile 0409 716 088
Home Page: http://bus.macarthur.uws.edu.au/steve-keen/

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