Dear Rakesh: >translated in capital and class in two parts in 1977 as marx, >classical economics and the problem of dynamics. the second half is a >concentrated attack on the methodology of comparative statics. Thanks for the reference. I don't know this. >in previous email exchange with allin, fred has agreed that in order >for his interpretation to hold marx had to have made a mistake in >writing that there are two reasons why the value of a commodity and >its price of production diverge. I recall this is Fred position. Mine, briefly stated, is on pp. 67-68 of my article in IJPE. A more comprehensive presentation of what I think is the procedure Marx is applying in what you call the "double divergence" passage is on pp. 65-72 of "The transformation of values into prices of production: a different reading of Marx's text" by myself and A. Rodriguez, Marx & Non-Equilibrium Economics, 1996. I don't find cogent the interpretation of that passage as a restatment Tugan/Bortkiewicz view (i.e. there are two completely separated "systems", etc.) because, if Marx were thinking in that terms when he defines the value and price of production of average commodities (*just 20 lines or so after this passage* --Capital III, pp. 308-309, Penguin), he should have written: value = value of c + value of v + surplus value, production price = price of c + price of v + profit. Here you would have your "double divergence": 1. "value of c + v" is not equal to "price of c + v" and 2. "surplus value" is not equal to "profit". Instead, Marx writes: value = k + surplus value, production price = k + profit, k = cost-*price*, a "transformed magnitude". Therefore, no trace of "double divergence" in a passage which is logically and textually the immediate continuation of that you mention. Is this inconsistency possible in a thinker such Marx? I don't believe this because I prefer to give some credit to the author. So, it seems interesting to me to explore another possible meaning of the "double divergence" text, instead of that one is inferred within the Tugan/Bortkiewicz tradition. Abrazos, A.R.
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