[OPE-L:1242] Re: determination of constant capital

akliman@acl.nyit.edu (akliman@acl.nyit.edu)
Tue, 27 Feb 1996 12:08:47 -0800

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A short response to Paul's ope-l 1205:

You're right, I should have expressed the theorem more clearly. Actually,
I meant neither (a) nor (b), but something "in-between." A change in
labor-time requirements *as such*, i.e., a change that does not affect
the *relative values* of the simultaenous interpretation, will never
have an effect on any simultaneist profit rate (individual or general,
"value" or "price").

In other words, intrinsic value is eliminated in all simultaneist
calculations. All that matters is exchange-value.

Andrew Kliman