Re: Explaining the Law of Value - response to Julio

[clyder@xxxxxxxxxx]

Quoting eatonak@xxxxxxxxxxxxxxx:

> 
> 
> > The "value" Marx talks about, is itself essentially an averaged price, an
> > aggregate price, or derived price, which under capitalism takes the form
> > of a "production price",.......
> 
> Is this a new way of saying that there is no transformation from values
> --what Anwar calls direct prices-- to prices of production?  Value as an
> "aggregate price"?  What is aggregated?  Value as "derived price"? Derived
> from what --from itself?
>  
Since to a first approximation the two vectors are quite close
you could defend this empirically, but there is a conceptual
slide in Jurrians post which maps value ( necesary labour time )
to its representation in prices.


~~~~~~~
PLEASE clip all extraneous text before replying to a message.