[OPE-L:1967] Re: Transforming the Transformation

glevy@acnet.pratt.edu (glevy@acnet.pratt.edu)
Fri, 26 Apr 1996 00:14:32 -0700

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Simon says [OPE-L:1949]:

> We could calculate the percentage deviation of prices of production from
> labour-values-evaluated-at-the-prevailing-value-of-money for any commodity,
> by calculating the difference between the vertically integrated capital to
> paid labour ratio for the commodity in question from that ratio for the
> economy as a whole (both ratios in price terms), and multiplying that
> difference by the product of the aggregate wage share in net output and the
> rate of profit. This would give us a precise measure of unequal exchange.
> (Actually, I have a short paper on this, written 18 months ago and gathering
> dust because I don't know what to do with it.)

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In OPE-L Solidarity,