[OPE-L:7593] Re: Re: Re: Re: Re: Re: RE: Fred's remarks on Marx, Sraffa & Rents

From: Gil Skillman (gskillman@mail.wesleyan.edu)
Date: Wed Sep 04 2002 - 17:51:26 EDT

Rakesh writes, in part,

 >At The MEL is also a given precondition, unaffected and "unaffectable" by 
the transformation.  Ajit and Gil have been quite >dismissive about what 
you Fred take as the givens--the cost prices, the MEL. But this is all 
perfectly sensible. It will be interesting >to see whether Gil returns to 
his criticism of your givens.

This is a bit harsh, isn't it?  I won't speak for Ajit, but I'd ask you, 
Rakesh, to point to a single passage I wrote in which I've been 
"dismissive" about taking cost prices or the MEL (the what?  is this what 
Fred calls the "money-value produced per hour of abstract labor"?) as 
"givens" in the determination of the average rate of profit.  I've raised 
what I believe to be relevant concerns with respect to this formulation, 
but I don't consider disagreement and engagement on analytical grounds to 
be "dismissive."


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