From: Ian Wright (wrighti@ACM.ORG)
Date: Sun Mar 11 2007 - 17:54:09 EDT
> What is known is that in vol. III the > general rate of profi is in value terms, and then applied to the > inputs, evaluated at simple prices. You rightly insist on > simultaneous determination. But when you go there, as I told you > several times, you are actually in the impossibility to have the > rate of profit known before prices, unless you impose that. Small aside: If the given data are the technique, direct labour coefficients and the real wage rate, then one can deduce the rate of profit without reference to the price system. -Ian.
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