[OPE-L:4634] Re: Four-cornered triangle

Michael Perelma (michael@ecst.csuchico.edu)
Tue, 1 Apr 1997 08:53:09 -0800 (PST)

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Ajit Sinha wrote:

> In my opinion, this is exactly how both Ricardo and Marx proposed to reduce
> skilled to simple or 'abstract' labor, ie. by wage differentials. I think,
> it is not an improper way to do it. The other way would be Bob Rowthorn's
> method, which probably is more appropriate for modern days, where production
> of training has become a commodity.

My problem with this solution is that the wages are set at the level of

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321 E-Mail michael@ecst.csuchico.edu