Re: The increasing transformation problem

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Mon Jun 09 2003 - 04:50:48 EDT

Paul Bullock wrote:

>   Your idea that  there is a 'distance' between values and prices cannot apply to any factually observable realm... since values are only expressed
> in market  prices, which themselves can be explained as being 'regulated' by prices of production.

This is simply wrong. With the advent of I/O tables one can work
back to get estimates of values and compare these with prices.
There is a lot of econometric literature doing this.


Paul Cockshott
Dept Computing Science
University of Glasgow

0141 330 3125

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