From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Tue Feb 27 2007 - 12:24:05 EST
Thanks Jerry! It sounds more like a critique of Marx rather than Sraffa. Are you sure he criticised the assumption of equal rate of surplus value and not equal rate of profits? cheers, ajit sinha --- Jerry Levy <Gerald_A_Levy@MSN.COM> wrote: > > I would be interested in knowing what Solow had > to say. > > Hi Ajit: > > I didn't take notes and am not sure I remembered all > of the points he made > or can recount them accurately. (He spoke for quite > a while, at least > as long as those who were making presentations.) > Perhaps Gary and/or > Riccardo can fill-in or correct the following > points: > > i) he was surprised (and humored) by the attention > which Sraffa's archives > has drawn. > > ii) he recounted discussions he had with PS and his > impressions of him > which were generally favorable. Clearly, he > respected PS as a peer > and scholar. > > iii) he criticized the assumption of a equal rate > of surplus (value) as > not having a real base. In other words, it was > assumed for reasons > of mathematical convenience. He also discussed the > issue of > the amounts of unknowns in Sraffa's theory and the > choices that > were made about limiting the quantity of unknowns. > > iv) he criticized the point on the wage-rate of > profit frontier > where the rate of profit equals zero. At that > point, he claimed > 'exploitation' had no meaning. He did add, though, > that he > was not opposed to a claim that there is > exploitation in the > real world. (*) > > In solidarity, Jerry > > (*) iii and iv could be seen as similar objections > in the > sense that both imply that Sraffa's theory > over-simplified the > subject matter for reasons of mathematical > expedience. A fair > criticism perhaps, but from someone who developed a > one-sector > growth model? > > In solidarity, Jerry > ____________________________________________________________________________________ Have a burning question? Go to www.Answers.yahoo.com and get answers from real people who know.
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