[OPE-L:3751] RE: Hairsplitting

Chai-on Le (conlee@chonnam.chonnam.ac.kr)
Sun, 1 Dec 1996 21:28:12 -0800 (PST)

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At 04:28 96-11-28 -0800, Ian Hunt wrote:

>Marx should, for the sake of
>consistency, adjust for changes to prices of production as imputs but it is
>absurd to make a charge of inconsistency in relation to a manuscript.
>Shaikh, for example, shows that you can take Marx's vol III calculations as
>the first step in an iteration.

Dear Ian,
How could you explain the reason why the rate of exploitation is incessantly
altered in the process of iteration? It is supposed to be determined by the
relation of production in the production sphere. But it is shown to change
due to the iterating transformation process. Why is it altered so frequently?
The iteration seemed to me a mere mathematical exercise, not a
transformation procedure.

Faculty of Economics,
Chonnam National University,
Kwang-Ju, 500-757,
S Korea
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E-m: conlee@chonnam.chonnam.ac.kr