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

From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Tue Feb 27 2007 - 16:05:26 EST

--- Ian Wright <wrighti@ACM.ORG> wrote:

> If labour values in principle require knowledge of
> price magnitudes
> for their calculation then labour values cannot
> explain prices. It is
> like saying that a thermometer measures temperature
> but temperature
> depends on the current reading of the thermometer.
Exactly! and same goes for the yesterday's prices
determine todays prices kind of nonsense as well.
Cheers, ajit sinha

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