[OPE-L:7548] Re: Re: Re: RE: Fred's remarks on Marx, Sraffa & Rents

From: Gil Skillman (gskillman@mail.wesleyan.edu)
Date: Mon Aug 26 2002 - 13:05:36 EDT

(Just back in town--will get to other posts as I can)

Paul writes:

>The gold industry can not be the key issue here. Assume state fiat
>money instead if that is a problem.

For what it's worth, I agree.  My scenario with commodity money was meant 
to be the starting point for a purely theoretical point, but it got 
sidetracked with all this discussion of historical conditions in the gold 
industry that Marx makes no mention of in K.III. Ch. 9 (which doesn't mean, 
of course, that he didn't intend to invoke them).  I'll address the 
scenario with fiat money presently.  Gil

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