I tried to do something like what Sabri requested in the paper that I just delivered in Japan. The basic idea is the revision of labor values through the reevaluation of the values of constant capital. The subject is both important, and as Sabri suggested, very challenging to anyone who tries to reduce Marxian analysis to simple algebra.
On Thu, Mar 1, 2012 at 12:36 PM, Sabri Oncu <[email protected]> wrote: > I mentioned this Sloven proverb: > > "The past is more uncertain than the future, because it gets rewritten every > day." > > If you know anything about Kalman filtering, you know that it is about > updating the future probability distribution as you get new information. > Kalman smoothing is less know than Kalman filtering, although I don't > understand why. Maybe because the smoothing things are too technical and > smoothing is technically more complicated than filtering? Kalman smoothing is > about updating not only the future, but also the past. As we learn more, not > only we change our expectations about the future, but also we change our > understanding of the past. How to incorporate this into the LTV? > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
