Re: [Pen-l] ASSA convention (II)

[Shane Mage <shmage@xxxxxxxxxxxx>]

On Jan 10, 2009, at 3:08 PM, Jim Devine wrote:

... the specifics of Kliman's argument are about a topic that's seen
as inherently boring by most if not all pen-pals (i.e., the so-called
"transformation" of values into prices) those details will be ignored
here...

"inherently boring" perhaps,  but from what I have seen from Kliman the basis of his argument--that the value of fixed capital, and therefore the value of capital consumed in the production process, is the labor-time embodied by the money (or money-equivalent) invested in the (expanded or simple) reproduction process of capital and *not* the labor time actually expended in the physical production of the capital goods themselves--was lifted intact from my demonstration (presented in my 1963 dissertation on The Falling Tendency of the Rate of Profit) without any acknowledgement.  Was this also true of his ASSA paper?

Shane Mage

This cosmos did none of gods or men make, but it

always was and is and shall be: an everlasting fire,

kindling in measures and going out in measures."

Herakleitos of Ephesos

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