[OPE-L:6950] [OPE-L:442] New Evidence on Sectoral Prices and Values

Alejandro Ramos (aramos@btl.net)
Fri, 19 Feb 1999 08:26:33 -0600

Andrew & Allin:

1) Aren't there other ways "to test" the "labor theory of relative prices"
other than both of you are attemping?

For example:

a) correlating profits and some measure of living labor "intensity" (e.g.

b) correlating profits and c/v.

Have we statistical data for this?

If prices = values (there is not "capitalist comunism"), we should have a
positive correlation in case a) and a negative one in case b).

2) What would be the theoretical explanation of the "labor theory of
relative prices"?