In the first part of the quote above, Ajit seems to be saying that these prices of production correspond to values. ___________________ This is an admitted assumption. __________________ But outside of the high level of abstraction of vol. I of CAPITAL this doesn't happen, as the "transformation problem" demonstrates. Maybe I misunderstand. in pen-l solidarity, Jim Devine ______________________ The transformation problem is basically removing of the above assumption. I don't think we have any significant disagreement here. But I think by the word "law" in the law of value, Marx is basically refering to what the Sraffians call the gravitational point. Cheers, ajit sinha
