> From: Michael Perelman <[EMAIL PROTECTED]>
> The labor theory of value does not have to be very mysterious. In a
> sense, at least one part of Marx's theory can be read something like
> this: in order for a market economy to function "properly," prices must
> bear some relationship to the underlying values. Prices don't equal
> values, but they must be somewhat in line with values -- even though
> some commodities have prices but no values.
Prices=Crises. You're right, Michael, I think that's the only
real solution to the transformation problem. David Harvey's Limits to
Capital puts it like that too.
Patrick Bond ([EMAIL PROTECTED])
home: 51 Somerset Road, Kensington 2094 South Africa
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work: University of the Witwatersrand
Graduate School of Public and Development Management
PO Box 601, Wits 2050, South Africa
work email: [EMAIL PROTECTED]
work phone: (2711) 717-3917
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