From: gerald_a_levy (email@example.com)
Date: Sat Mar 01 2003 - 08:40:51 EST
Re : http://unifr.ch/econophysics/articoli/fichier/WrightLawOfValue.pdf Ian: thank you for letting us know about your paper. I have a pretty simple and basic question: In the context of examining a "simple commodity economy" you make a claim about the importance of Marx's law of value for the "dynamics of price and labor allocation in commodity economies". Yet, how can the abstraction of a simple commodity economy tell us anything of significance about the _dynamics_ of a _capitalist_ economy? You recognize in your paper that capitalism is a more complex system than a simple commodity economy ("the simple commodity economy is simple compared to capitalism"), so I don't understand what relevance the abstraction of a "simple commodity system" has for capitalism and Marx's law of value understood in a dynamic context. In solidarity, Jerry > I regularly read the OPE-L archives, and have found it very helpful in my > work. PS: Thank you. Many other archives readers have told me the same thing. It is very encouraging to know that our musings are appreciated by others.
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