[OPE-L:4942] Re: prices of production

From: Gerald_A_Levy (Gerald_A_Levy@email.msn.com)
Date: Sat Feb 17 2001 - 07:35:01 EST

In [OPE-L:4940] Rakesh wrote:

> I define prices of production as those which would
> have obtained in  any ONE period had the profit rate
> equalized and demand equalled
> supply. For me then price of production is a one period > specific

Since you go on in your post to refer to the "real world", are you aware
that since disequilibrium is the norm within any capitalist economy (and
aggregate supply and aggregate demand only equal each other rarely and
fleetingly), then by your definition prices of production rarely, if ever,
happen?  This is a legitimate position, of course, but I wonder if you are
aware of the implication.

In solidarity, Jerry

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