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

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Wed Mar 21 2007 - 09:54:33 EDT

[In reply to Ajit, Fred wrote:] >>>>>>>>>>
The theoretical rational for this determination of unit prices is that
commodities in capitalism are *products of  capital*, not single
individual commodities ("Commodities as the Product of Capital" is the
title of Section I of the "Results").  Each individual commodity is
treated as a *aliquot part* of the total commodity product of capital
in AN INDUSTRY.  First the total price for the INDUSTRY AS A
WHOLE is determined, and then the unit price of each INDIVIDUAL
commodity is determined as an "aliquot part" of the total price.
(emphasis added, JL) <<<<<<<<<<<<

Hi Fred:

If your perspective is truly macro-monetary,  then the argument
should be at the macro level rather than moving from the micro to
the macro level as above.

In solidarity, Jerry

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