Re: indirect labor, the real wage, and the production of surplus value

From: Rakesh Bhandari (rakeshb@STANFORD.EDU)
Date: Fri Nov 14 2003 - 03:50:10 EST

>The fact of the matter is that mathematical equations
>do not give you the direction of causality. It is the
>role of the theory to provide the causal direction. So
>the manipulation of mathematical equations or
>identities are no guide to the causal inferences of
>the theory. Cheers, ajit sinha

Well if one's theory at best establishes the existence of relations
between the wage rate and the profit rate and relative prices and
physical quantities on the basis of given and fixed conditions so
marginal concepts do not come into play at all,  then how
does one have a causal theory of change over time?


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