Re: Falsifiability and the law of value

["e. ahmet tonak" <eatonak@xxxxxxxxxxxxxxx>]

Our book (Shaikh & Tonak, 1994, Measuring Wealth of Nations...) intended
to develop a  consistent and  applicable Marxian macroeconomic accounting
framework based on conventional system of national accounts.  I am copying
the link to the Preface and 1st Chapter of the book: 

http://www.simons-rock.edu/%7Eeatonak/mwon.pdf

Chris Burford wrote:
> Can I
> point out that the marxian law of value, probably cannot be 
> falsified, but may be "true". 
>  
> The only empirical study I know about it is by Paul Cockshott and Allin 
> Cottrell showing that it could fit with macroeconomic data, I think for 
> Scotland if I recall correctly. 
>  
> Chris Burford 
>  
>

E. Ahmet Tonak
Professor of Economics

Simon's Rock College of Bard
84 Alford Road
Great Barrington, MA 01230

Tel:  413 528 7488
Fax: 413 528 7365
www.simons-rock.edu/~eatonak