Re: [OPE-L] What is most important in Marx's theory?

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.


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