Re: [OPE-L] questions on the interpretation of labour values

[ajit sinha <sinha_a99@xxxxxxxxx>]

--- ajit sinha <sinha_a99@xxxxxxxxx> wrote:

> --- Pen-L Fred Moseley <fmoseley@xxxxxxxxxxxxx>
> wrote:
>
> > Ajit, what about capital goods used only for the
> > production
> > of non-basic goods?
> ____________________
> In that case that capital good is a non-basic and a
> tech change in that capital good will have influence
> on the values of only those non-basics to which it
> is
> an input. But this is a particular case and should
> not
> be used for a general argument.
> _____________________
> >Fred:
> > The further removed a capital good is from the
> > production of
> > a given final good, the less effect a change in
> the
> > value of
> > the capital good will have on the price of
> > production of the
> > final good.
> ____________________
> But it also depends upon the rate of profits and not
> just how removed it is form the good. Take a look at
> Sraffa's chapter 6 on dated labor.
__________
Fred, I'm sorry. This applies to prices and not
labor-values. So in the case of labor-values your
distance argument would probably be right. But still
it will have some influence. Cheers, ajit sinha


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