[Pen-l] The Irrelevance of Workers In Economic Theory

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

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From: Michael Perelman 

My reference was to a much more superficial problem.  Economists can
theoretically 
measure transactions via prices, but how can you measure labor? 
Economists do 
sometimes attempt to measure aggregates of human capital by statistical
inference, 
but they are pretty lame.  Certainly nobody can measure the human
capital of 
individuals.  Even in sports, where there are quantative measurements,
coaches talk 
about intangibles.

^^^^
CB: Can't abstract labor be measured in time ? Concrete labor might be
hard to quantify except in terms of numbers of commodity units ?



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