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

2000-09-25 Thread Jim Devine
I 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). Brad opines: They are not a disequilibrium phenomenon. Scarce resource-based products *continue* to have