In OPE-L 4834, Rakesh wrote that, despite the tendency for profit rates to equalize, "in no sense are unit prices converging on some equilibrium state in this process. I just don't see the justification for input prices at t0 being equal to output prices at t1. The idea of stationary prices is logically independent of the tendency towards the equalisation of profit rates." He is absolutely right about this. Andrew ("Drewk") Kliman Dept. of Social Sciences Pace University Pleasantville, NY 10570 USA phone: (914) 773-3968 fax: (914) 773-3951 Home: 60 W. 76th St. #4E New York, NY 10023 USA "The practice of philosophy is itself theoretical. It is the critique that measures the individual existence by the essence, the particular reality by the Idea."
This archive was generated by hypermail 2b30 : Thu Mar 01 2001 - 14:01:38 EST