From: Ian Wright (wrighti@ACM.ORG)
Date: Mon Feb 26 2007 - 12:26:42 EST
Diego, Fred I agree that a better theoretical understanding of the status of money-capital is crucial to disentangling the labour theory of value from the neo-Ricardian cul-de-sac. In linear production models of simple reproduction, the price of money-capital is the rate of profit. Assume non-commodity money. In your respective approaches, what labour hours does the price of money-capital represent? Thanks, -Ian.
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