[OPE-L:768] Re: equal exchange and price of land

Gilbert Skillman (gskillman@mail.wesleyan.edu)
Wed, 27 Dec 1995 20:35:57 -0800

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> It is wrong to rule out empirical test in judging the validity
> of the labour theory of value. It is in principle possible for
> the common substance behind value to be something other than
> labour. One could hypothesise that some other input that
> entered directly or indirectly into the production of all others
> was the common substance. Energy would be an obvious candidate,
> or more abstractly negative entropy.

For what it's worth, I didn't "rule out" any such thing. I only said
that tests of the labor theory of value would not yield implications
one way or the other about the notion that exchange "expresses
something equal."

Gil Skillman