Re: [OPE-L] Robust correlations between prices and labour values

From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Thu May 04 2006 - 20:16:39 EDT

glevy@PRATT.EDU wrote:

>Hi again Alejandro,
>What did you think of his reply (abstract below) printed in the same
>issue of the _CJE_?  Clear as water?
>In solidarity, Jerry
>            Reply to Cockshott and Cottrell
>            Andrew J. Kliman
>            Cambridge Journal of Economics, 2005, vol. 29, issue 2, pages
>              317-323
>            Abstract: This note reaffirms the author's conclusion that
>measured price--value correlations have been tainted by the
>influence of industry size and are therefore spurious.
>'Deflation' of sectoral prices and values by costs destroys
>the correlation only because the theory in question is false,
>as the author's original paper proved deductively. Cockshott
>and Cottrell's results do not refute this proof. Deflation
>destroys the correlation between their simulated prices and
>values precisely because their simulation model assumes that
>the theory is false.
Jerry I do not undesrstand Kliman's abstract. Hence I will not read such
article soon. When I read this article I will send some comments to ope-l.
Muchos y cordiales saludos


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