RE: [OPE] Problems in International Political Economy (IPE) shaikhs defence of Marx

Date: Fri Apr 18 2008 - 08:23:37 EDT

Hi Paul C:
Although Anwar assumes - following Marx - in these papers that gold
is the money commodity,  I think that the basic argument made about 
the law of absolute costs can be re-cast without that assumption, 
e.g. in a model which assumed that the US$ is the universal equivalent
and  takes on the role of  "world money".
In solidarity, Jerry

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