Re: [OPE-L] questions on the interpretation of labour values

From: Philip Dunn (hyl0morph@YAHOO.CO.UK)
Date: Thu Feb 22 2007 - 15:18:24 EST

On Tue, 2007-02-20 at 18:51 -0500, Jerry Levy wrote:
> > We don't need a theory of market price determination or of value
> > determination. There can be no ex ante determination of value any more
> > than there can be an ex ante determination of market prices.
> Hi Phil:
> So value "just happens"?  Market price "just happens"?
> We need a theory of determination to tell us _why_ something happens,
> don't we?
> In solidarity, Jerry

No, we do not need a theory of determination to tell us why. We just
need a strong enough statistical theory.

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