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

From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Mon Apr 23 2007 - 09:11:36 EDT

--- Pen-L Fred Moseley <fmoseley@MTHOLYOKE.EDU> wrote:

> Ajit, what about capital goods used only for the
> production
> of non-basic goods?
In that case that capital good is a non-basic and a
tech change in that capital good will have influence
on the values of only those non-basics to which it is
an input. But this is a particular case and should not
be used for a general argument.
> The further removed a capital good is from the
> production of
> a given final good, the less effect a change in the
> value of
> the capital good will have on the price of
> production of the
> final good.
But it also depends upon the rate of profits and not
just how removed it is form the good. Take a look at
Sraffa's chapter 6 on dated labor.
  The most significant causes, by far, of
> a change in the
> price of production of a final good is a change in
> its
> own value, or a change in the value of capital goods
> which enter
> directly into the production of the final good.
It may sound right but is not necessarily right. The
system of production is too complicated a web. As I
said, take a look at the dated labor chapter. Cheers,
ajit sinha
> Comradely,
> Fred
> This message was sent using IMP, the Internet
> Messaging Program.

Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around

This archive was generated by hypermail 2.1.5 : Mon Apr 30 2007 - 00:00:17 EDT