[OPE-L:4946] Re: More Prices of Production

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Sat Feb 17 2001 - 14:42:02 EST

>John E writes in 4945
>5.  If we simply accept the idea that unit input and unit output prices are
>     equal in Marx's transformation procedure and that this means that
>     the inputs were produced using the same techniques as the outputs,
>     then we are forced to conclude that prices of production can only
>     exist when no technical change is taking place.  Since technical
>     change is more or less an ongoing feature of capitalism, prices
>     of production can never exist.    

This archive was generated by hypermail 2b30 : Thu Mar 01 2001 - 14:01:39 EST