Elasticity of value

wpc at cs.strath.ac.uk wpc at cs.strath.ac.uk
Fri Apr 28 02:53:41 MDT 1995


Chris:
>From my point
of view I am saying that if the law of value is interpreted as inevitably
manifesting itself in a non-linear way we would expect elasticity and
variation *as well as* a tendency to revert to some underlying more
frequent pattern.  Much of the grief of trying to study Marx in a
mechanical linear way, would dissolve.

Paul:
I find this discussion amorphous and metaphorical.
What do you mean by the law of value.
What do you mean by it asserting itself in a non-linear way.
What is meant by the elasticity of value?


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