[OPE-L:4925] Re: ideal vs real value

andrew kliman (Andrew_Kliman@msn.com)
Mon, 5 May 1997 20:51:37 -0700 (PDT)

[ show plain text ]

I don't have time at the moment to deal with the matter with the seriousness
it deserves, but since my name is being used, let me note briefly:

(a) I am not a proponent of the notion of "conservation of value" *as defined
by Jerry*.

(b) I know of *no one* who holds to the notion of "conservation of value" *as
defined by Jerry*. Everyone I know accepts that the value of things is
destroyed if the things themselves are destroyed, for instance.

(c) The passage Jerry has quoted does not pertain to a change of value in the
process of exchange. The commodity loses its value because it loses its
use-value -- so that it never enters into exchange!! Obviously, then, the
loss of value does not occur in the process of exchange!!

Andrew Kliman