Friday, January 20, 2012

Ifwecouldx ray all the books at one moment in time

Would operating statements and compensation totals suggest social labor proportions ?


Obviously not

Would a correlation between hourly rate weighted " employee hours"
And market prices look closely enough to support empirically
The law of value

Or is it only thru
a panel of prices and related labor hours
OVER TIME
That the law of value emerges from the numbers at the surface

Ie
is it a dynamic law a law of motion



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Related. Law

The law of wages

Is this also a dynamic law

Relative wage rates
Reflecting the relative price of production for different types of labor power