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But that still leaves unaddressed this point: you are just asserting--not demonstrating or proving--that the prices of production of the mop and mos bought with the initial M had to have been the same as the prices of production which you derive with your sequential monetary macro method predicated on the LTV.
Simply put, there is a difference between assertion and demonstration.
Hi Rakesh,
I am not sure what kind of ?demonstration? you are looking for, but attached is a simple two-sector numerical example, in which C = Pmp and (V + S) = Pms.
Is this the sort of thing you have in mind?
Comradely, Fred
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- Re: [OPE-L] questions on the interpretation of labour values, (continued)
- Re: [OPE-L] questions on the interpretation of labour values, Rakesh Bhandari Sat 24 Mar 2007, 15:57 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Rakesh Bhandari Sat 24 Mar 2007, 16:29 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Pen-L Fred Moseley Sun 25 Mar 2007, 14:11 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Rakesh Bhandari Sun 25 Mar 2007, 15:18 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Pen-L Fred Moseley Mon 26 Mar 2007, 12:54 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Rakesh Bhandari Mon 26 Mar 2007, 14:27 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Pen-L Fred Moseley Sat 31 Mar 2007, 19:24 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Rakesh Bhandari Sat 31 Mar 2007, 21:39 GMT
- Re: [OPE-L] questions on the interpretation of labour values, Rakesh Bhandari Sat 31 Mar 2007, 22:45 GMT