**From:** ajit sinha (*sinha_a99@YAHOO.COM*)

**Date:** Mon Apr 30 2007 - 06:42:27 EDT

**Next message:**Alejandro Agafonow: "[OPE-L] Plan or No Plan by Barbara Woootton"**Previous message:**ope-admin@ricardo.ecn.wfu.edu: "[OPE-L] short message from Makoto"**In reply to:**Paul Cockshott: "Re: [OPE-L] Sraffa and the question of gravitation"**Next in thread:**Paul Cockshott: "Re: [OPE-L] Sraffa and the question of gravitation"**Messages sorted by:**[ date ] [ thread ] [ subject ] [ author ] [ attachment ]

--- Paul Cockshott <wpc@DCS.GLA.AC.UK> wrote: > OK so you are implicityly assuming that R1=R2 =R3 > this is not evident at this point of your > explanation > > Paul Cockshott __________________________ I'm not implicitly assuming that. All I'm saying is that if you aggregate all the sectors of the economy and conceive it as one factory ( as Marx time and again tries to do), then the input side can be multiplied by (1+R) and equated to the output side, where R is the average profit for the whole economy. If R happens to be not equal to the Srandard rate of profit then R1 = R2 = R3 = ... will not be true. It will be true only when R is equal to the Standard rate. The next step in the argument is that inequality between R1, R2, R3, ... can exist only if there is some outside constraint on the system. Thus when in your empirical work you find R's not to be equal, one explanation for it could be that there is always some outside interference in the market--for example, tariff, tax, subsidies, etc. Furthermore, the real world, of course, is more complex and so any model designed to clarify a particular theoretical point should not be expected to "varify" the real world variables immediately. This, of course, was not part of the question but I'm just trying to clarify a point in advance. Cheers, ajit sinha > > www.dcs.gla.ac.uk/~wpc > > > > -----Original Message----- > From: OPE-L on behalf of ajit sinha > Sent: Sun 4/29/2007 9:52 PM > To: OPE-L@SUS.CSUCHICO.EDU > Subject: Re: [OPE-L] Sraffa and the question of > gravitation > > --- Paul Cockshott <wpc@DCS.GLA.AC.UK> wrote: > > > Ajit > > I have put a paper entitled, 'Sraffa and the > > question > > of equilibrium' written by myself and a colleague > of > > mine on the SHE web site. This paper directly > deals > > with an issue that has been, one way or the other, > > one > > of the major concerns of the discussions on this > > list. > > I would appreciate all critical or friendly > comments > > or a seminar on this paper. I hope the content of > > the > > paper is provocative enough to bring out some of > the > > people who have been mostly silent on this list. > > > > Paul C > > > > Looks an interesting paper but could you > > please justify the step in going from your > equation > > iv > > to equations v , vi and vii > > > > I am not sure what rules of inference you are > using? > > > > Paul Cockshott > > > > www.dcs.gla.ac.uk/~wpc > _____________________________ > Paul, > > If you add the three equations to get the equation > for > the system as a whole then you will get something > like: > [a(1+R1)+b(1+R2)+c(1+R3)]p1 + ... = X+Y+Z > The equation for the system as a whole could also be > written as: > (a+b+c)(1+R)p1 + ... = X+Y+Z > The condition of eqs. v-vii is simply saying that: > [a(1+R1)+b(1+R2)+c(1+R3)]p1 = (a+b+c)(1+R)p1 and > similarly for second column and the third column. > Remember, this condition will satisfy the equation > whatever the value of R happens to be. However, R1 = > R2 = R3 = ... will be true only if R = the standard > rate of profit. Cheers, ajit sinha > > > > > > > > > > The > > paper can be accessed from: > > > > > http://www2.economics.unsw.edu.au/nps/servlet/portalservice?GI_ID=System.LoggedOutInheritableArea&maxWnd=_Heterodox_WorkingPapers> > > > > > or from the SHE site: > > > > http://she.web.unsw.edu.au > > > > Cheers, ajit sinha > > > > > > > > __________________________________________________ > > Do You Yahoo!? > > Tired of spam? Yahoo! Mail has the best spam > > protection around > > http://mail.yahoo.com > > > > > __________________________________________________ > Do You Yahoo!? > Tired of spam? Yahoo! Mail has the best spam > protection around > http://mail.yahoo.com > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com

**Next message:**Alejandro Agafonow: "[OPE-L] Plan or No Plan by Barbara Woootton"**Previous message:**ope-admin@ricardo.ecn.wfu.edu: "[OPE-L] short message from Makoto"**In reply to:**Paul Cockshott: "Re: [OPE-L] Sraffa and the question of gravitation"**Next in thread:**Paul Cockshott: "Re: [OPE-L] Sraffa and the question of gravitation"**Messages sorted by:**[ date ] [ thread ] [ subject ] [ author ] [ attachment ]

*
This archive was generated by hypermail 2.1.5
: Wed May 02 2007 - 00:00:17 EDT
*