**Previous message:**P.J.Wells@open.ac.uk: "[OPE-L:4816] Stationary prices (and profit rates)"**In reply to:**Rakesh Narpat Bhandari: "[OPE-L:4811] Re: Re: eigen-values"**Messages sorted by:**[ date ] [ thread ] [ subject ] [ author ]

Hi Rakesh, I don't even want to contemplate trying to introduce quantum mechanics into value theory--or vice versa. I might check out Lindley, to keep my hand in on that area. Steve At 03:14 AM 1/30/01 -0800, you wrote: >re Steve's 4810 > >>Hi Jerry, >> >>I think the eigenstate concept Rakesh is referring to is rather different >>in spirit from the eigenvalue-vector analysis to which you refer. Matrix >>methods do form part of quantum mechanics, but the overall package is quite >>a different ballgame from Leontief. > > >Steve, >I wouldn't know the difference. In my analogy, the commodity is >collapsed into one of two eigenstates. If |x1> is the eigenstate of >value--that is, if through measurement a commodity collapses into >this state--we could represent the magnitude of that value by >allowing this vector to assume various coefficients or eigenvalues (a >commodity's value could then be represented by the length of this >eigenvector). But again it is impossible to go simply from the money >price at which a commodity sells to determinate knowledge of its >value even though a commodity only comes to be a value once it is >sold for a money price. So in terms of my analogy there really are >no determinate eigenvalues, simply changes in the "state" of a >commodity through monetary measurement. > >>Albert's book is well worth reading for anyone with a passing interest in >>quantum mechanics, as it provides a deterministic alternative to the >>Copenhagen interpretation of quantum uncertainty--one of many these days, >>it seems, but this is the earliest, stemming from the work of Bohm in the >>1950s. > > >What then do you make of the criticisms of Bohm's >information-theoretic, pilot wave theory later developed by Roland >Omnes and reprised by David Lindley (Where does the Weirdness Go?) Is >there a Marxist or dialectical materialist or critical realist >position on wave mechanics? I hope not... > >Yours, Rakesh > > > Dr. Steve Keen Senior Lecturer Economics & Finance Campbelltown, Building 11 Room 30, School of Economics and Finance UNIVERSITY WESTERN SYDNEY LOCKED BAG 1797 PENRITH SOUTH DC NSW 1797 Australia s.keen@uws.edu.au 61 2 4620-3016 Fax 61 2 4626-6683 Home 02 9558-8018 Mobile 0409 716 088 Home Page: http://bus.macarthur.uws.edu.au/steve-keen/

**Previous message:**P.J.Wells@open.ac.uk: "[OPE-L:4816] Stationary prices (and profit rates)"**In reply to:**Rakesh Narpat Bhandari: "[OPE-L:4811] Re: Re: eigen-values"**Messages sorted by:**[ date ] [ thread ] [ subject ] [ author ]

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