He is now a provost in the Cal. State System. On Mon, Jan 17, 2005 at 10:22:49PM +0200, ertugrul ahmet tonak wrote: > Why are not these works (and many other similar ones), which explain > prices, based on serious theory? > > Ochoa, E. (1988) "Values, Prices, and WageProfit Curves in the U.S. > Economy," Cambridge Journal of Economics, 13(3), September: 413430. > > Ochoa, E. (1984) Labor Values and Prices of Production: An Interindustry > Study of the U.S. Economy, 19471972. Unpublished Ph.D. dissertation, New > School for Social Research, New York. > > Ahmet > > Jonathan Nitzan wrote: > > > OK, so I won't ask serious theory to explain prices. > > > > Carrol Cox wrote: > > > >> Jonathan Nitzan wrote: > >> > >> > >>> What I'm trying to say, Jim, is that to observe prices and to conclude > >>> from these observations about theoretical values and theoretical > >>> utility/productivity is to go in the wrong direction. I always thought > >>> that theory should explain the world, not the other way around. > >>> > >>> > >>> > >> > >> Asking serious theory to explain prices is like asking quantum mechanics > >> to give you the correct oven temperature for roast lamb. > >> > >> Carrol > >> > >> > >> > >> > > > > -- > > > I was recently asked whether universities should teach > values. My response was that universities, whether > implicitly or otherwise, always, always teach values. > They teach values in the way they hire and treat employees. > > Ruth Simmons > President, Brown University > > ------------------------------------------ > E. Ahmet Tonak > Simon�s Rock College of Bard > Great Barrington, MA 01230 > > Phone: 413-528 7488 > Fax: 413-528 7365 > Cell: 413-329 7856 > > Homepage: www.simons-rock.edu/~eatonak
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
