[OPE-L:3245] Re: IVA and all that

Paul Cockshott (wpc@cs.strath.ac.uk)
Thu, 3 Oct 1996 01:39:22 -0700 (PDT)

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Surely the basic objection to one sector models is that
they do not deal with the capitalist mode of production, since
that has to be a form of commodity production which presupposes
a multiplicity of different physical products with money prices.

At most they might be of some relevance to modeling things like
cell growth in the presence of a single nutrient.

Having one sector is quite different from forming monetary aggregates
for the whole economy, since the latter makes no mention of physical
Paul Cockshott