Re: The increasing transformation problem

From: Paul Bullock (paulbullock@EBMS-LTD.CO.UK)
Date: Mon Jun 09 2003 - 16:34:10 EDT


this is the difference between us in the understanding of Marx's method, value is a social relation, the price is the quantitative expression of a form of appearance of value, as a thing. How do you measure the 'distance' between a relation and its 'thingified' expression, between quality and quantity?

From: Paul Cockshott 
  Sent: Monday, June 09, 2003 9:50 AM
  Subject: Re: The increasing transformation problem

  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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