[OPE-L:4564] Re: Duncan's vintages

Iwao Kitamur (ikita@st.rim.or.jp)
Thu, 27 Mar 1997 07:25:14 -0800 (PST)

[ show plain text ]

John wrote in [4552]:
>Not so fast.

How slow?
Alan's example is a simple change in productivity so that the unit value
must simply fall to the half level immediately.
Its price can fall slower (or possibly faster) but that expresses merely
a redistribution of surplus value among branches, I think.

BTW, haven't we seen the rapid decrease in price per bit in semiconductors
due to rapid increase in productivity in that industry in these 20 years?