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[OPE-L:5644] Re: Re: Marx's theory as a quantitative theory

You may cite this message only if you do not disclose who wrote it. 

On Fri, 18 May 2001, you wrote:
>
> >The labor-time quantities on the RHS of equation (1) are
> >the independent variables which exist independently of money, and the
> >magnitude of surplus-value on the LHS is the dependent variable, which is
> >determined by the independent variables on the RHS.
>
> Given systemic determination - dissociation of lbour, production and
> consumption, and private ownership of the means of production: (1) the
> value to labour relationship must be continuously reconstituted as the
> system reproduces itself and (2) this necessitates the value-form as the
> 'mode of association' constituting labour and value as 'abstract' in
> exchange - i.e. there is no sense in which abstract labour is independent
> of its expression in money.

Experience hyper-inflation and say that again.
> ----------------------------------
> Nicola Mostyn (Taylor)
> Faculty of Economics
> Murdoch University
> Australia
> Telephone: 61-8-9385 1130
--
Paul Cockshott
paul@xxxxxxxxxxxxx
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