[OPE-L:5586] (Fwd) Re: Re: Re: Ockam's Razor

From: Andrew Brown (Andrew@lubs.leeds.ac.uk)
Date: Wed May 16 2001 - 07:07:20 EDT

------- Forwarded message follows -------
From:           	Paul Cockshott <paul@cockshott.com>
To:             	Andrew@lubs.leeds.ac.uk
Subject:        	Re: [OPE-L:5571] Re: Re: Ockam's Razor
Date sent:      	Wed, 16 May 2001 12:04:29 +0100

On Mon, 14 May 2001, you wrote:

> The last I remember was Fred reproducing an equation for 
> aggregate value added put forward by Geert and Michael:
> Y=mL
> where
> Y: aggregate value added
> m: monetary expression of labour
> L: abstract labour time
> It seems that, according to value-form theory, Y and mL are on a 
> par and *mutually determine* one another. Indeed it maybe that the 
> left hand side of the equation dominates the right hand side [if 'form 
> determination' is taken in a quantitative as well as qualitative 
> sense]. That being so, the *magnitude* of value added is not, in 
> any sense, explained by reference to the magnitude of abstract 
> labour. Rather, we need further specification of how 'mutual 
> determination' occurs before we have a quantitative 
> theory/explanation at all. 

Note that this is a pretty trivial matter since it relates to
aggregate price and aggregate labour. Marx concerns himself
with the much more interesting issue of relative prices and
relative labour contents.

Paul Cockshott, University of Glasgow, Glasgow, Scotland
0141 330 3125  mobile:07946 476966

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