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

From: Pen-L Fred Moseley (fmoseley@MTHOLYOKE.EDU)
Date: Mon Mar 26 2007 - 08:59:47 EDT

> But that still leaves unaddressed this point: you are just
> asserting--not demonstrating or proving--that the prices of
> production of the mop and mos bought with the initial M had to have
> been the same as the
> prices of production which you derive with your sequential monetary
> macro method predicated on the LTV.
> Simply put, there is a difference between assertion and demonstration.

Hi Rakesh,

I am not sure what kind of “demonstration” you are looking for, but
attached is a simple two-sector numerical example, in which C = Pmp and
(V + S) = Pms.

Is this the sort of thing you have in mind?


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