Re: Re: the labor theory of value (Brad's thread)

2000-09-25 Thread Brad DeLong
> >Under simple commodity production (where there is neither wage-labor >nor surplus-value), the deviations between prices and values are >_accidental_ (a disequilibrium phenomenon). They are not a disequilibrium phenomenon. Scarce resource-based products *continue* to have prices in excess of

Re: Re: Re: the labor theory of value (Brad's thread)

2000-09-25 Thread Michael Perelman
These two statements are not mutually contradictory. Brad DeLong wrote: > > > >Under simple commodity production (where there is neither wage-labor > >nor surplus-value), the deviations between prices and values are > >_accidental_ (a disequilibrium phenomenon). > > They are not a disequilibrium