[OPE-L:4323] Re: Re: Price-Value Equivalence!

From: Paul Zarembka (zarembka@ACSU.BUFFALO.EDU)
Date: Fri Oct 27 2000 - 08:38:17 EDT

On Fri, 27 Oct 2000, Andrew_Kliman wrote:

> Paul Z wrote in OPE-L 4313,
> "Suppose I turn it around and ask, IF compositions are equal, do we have
> price-value equivalence (I'm hesitant to use your prices = values,
> because we have values measured in labor time, but I don't know what you
> have prices measured in)?  This is a sufficiency question."
> No, if the value compositions of capital are equal, prices will equal
> values only if, in addition, rates of profit are also equal across
> branches and wages rates are also equal across branches.

I was presuming that profit rates and wages rates are equal.  Now back to
my question of sufficiency.

Paul Z.

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