[OPE-L:1017] Re: Torrens vs. Marx

akliman@acl.nyit.edu (akliman@acl.nyit.edu)
Fri, 9 Feb 1996 07:16:08 -0800

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The postulate that the value of the numeraire (or commodity aggregate) is
unchanging relates to BOTH value and exchange-value. The postulate presumes
that the intrinsic value of the numeriare cannot change; all that can then
change are the "values" of other commodities relative to it--exchange

Andrew Kliman