Re: [OPE-L] empirical measurement of changes in the value of labour-power

From: GERALD LEVY (gerald_a_levy@MSN.COM)
Date: Sun Dec 16 2007 - 09:49:24 EST

> However, I don't think neither concept is very meaningful in the shorter> term analysis of the division of net product and of the total social> labour time, or the rate of exploitation. In that analysis one has to> look at the labour-value of the real wage.
Hi Dave Z:
I agree that for short-run analysis, one would be better off
examining changes in real wages.  
In  solidarity, Jerry

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