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

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?


This archive was generated by hypermail 2.1.5 : Wed Feb 28 2007 - 00:00:08 EST