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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 ? This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
