[OPE-L:8530] Re: 'Simulating the Law of Value' by Ian Wright

["gerald_a_levy" <gerald_a_levy@xxxxxxx>]

Re [8524]:
http://unifr.ch/econophysics/articoli/fichier/WrightLawOfValue.pdf

Ian: thank you for letting us know about your paper.  I have a pretty
simple and basic question:  In the context of examining a "simple
commodity economy" you make a claim about the importance of
Marx's law of value for the "dynamics of price and labor allocation
in commodity economies".   Yet, how can the abstraction of a
simple commodity economy tell us anything of significance about the
_dynamics_ of a _capitalist_ economy?   You recognize in your paper
that capitalism is a more complex system than a simple commodity
economy ("the simple commodity economy is simple compared to
capitalism"), so I don't understand what relevance the abstraction of
a "simple commodity system"  has for capitalism  and  Marx's law of
value understood in a dynamic context.

In solidarity, Jerry

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