"The whole of the advantages and disadvantages of the different employments of labour and stock must, in the same neighbourhood, be either perfectly equal or continually tending to equality. If in the same neighbourhood, there was any employment evidently either more or less advantageous than the rest, so many people would crowd into it in the one case, and so many would desert it in the other, that its advantages would soon return to the level of other employments"
--the original market adam--
just labor and stock in the same neighborhood how concise L and K
with that evil triade of abstractions
pandora's box is prised open
and yet the shade of a dynamic races thru the tableau of equal outcomes
"continually tending to equality "
the driver of equity is the profits of arbitrage
note :
there is no innovation here no product differentiation no process innovation
no continual race to escape the morphing processs from unique product to commodity
nor any sense of how well the continuing race to rub out profits closes the gap
between the transaction price reality with its quasi rent surplus and the grail price
the true instantaneous as if all markets cleared edgeworth core price set
the rule of value over the price of that commodity
between the continual relative movements among the prices of marketed commodity products
the lowering and risng of one against the other and the gains from trade in any one commodity product
what if the system convulses if the general rate of profit passes zero
and as a result of that convulsion profits are restored
the comvulsion that is the final blow to the positivity of too many quasi rent profits
produces its opposite
the return ...with time and suffering of ...quasi rent profits of enterprise
and we no where speak of wage markets eh
