[OPE-L:1016] Re: Definitions and Tautologies

akliman@acl.nyit.edu (akliman@acl.nyit.edu)
Fri, 9 Feb 1996 07:09:06 -0800

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Allin, I'm sorry I forgot to mention that v, p, L, and X are vectors and
A is a matrix. Your derivation therefore doesn't work. In general,
p(t+1) not= v(t+1), though p(t+1)X = v(t+1)X and total profit, p(t+1)X -
p(t){A+bL)X = total surplus-value, LX - p(t)bLX.

Andrew Kliman