From: Paul C (clyder@GN.APC.ORG)
Date: Tue Sep 21 2004 - 16:57:28 EDT
Alejandro Valle Baeza wrote: > > One important aspect of Paul Cockshott's paper is which are > convenient measures for value price deviations. However critics to > labor theory of value argue that measuring value price deviations > show why is value redundant. One good example of this sort of > thinking is W. Paris (1982): > > Parys predicts discrepancies between labor values and production > prices using technical compositions of capital vertically integrated > in *production-price terms. * Pary's two main arguments are: > > a) A mathematical demonstration that technical composition of > capital vertically integrated *in price *always predicts correctly the > sense of deviations between labor values and production prices. > > b) A counterexample probing that the value composition of > capital, the variable used by Marx ,fails in at least one case to > predict sense of deviations between labor values and production prices. > > Then this is a critique that seems be both irrefutable and very well > argued that way inaugurated by Ian Steedman of considering redundant > and contradictory the Marxian theory of value. > > > Parys, W. (1982). "The Deviation of Prices from Labor Values". > /American Economic Review/: 72(5), pp. 1208-1212. > > Does Parys work use empirical data, or is it purely theoretical?
This archive was generated by hypermail 2.1.5 : Wed Sep 22 2004 - 00:00:03 EDT