Correction (1976)

From the July 1976 issue of the Socialist Standard

We are grateful to correspondents who have drawn our attention to an arithmetical error which occurred in our reply Classes and Prices, June 1976. The passage read “If then the amount of labour required to produce 1 oz. gold is halved, but the same amount of labour is necessary for 2 cwt. of copper, then 1 oz. of gold = 4 cwt. of copped.” The last line should have read “then 1 oz. of gold = 1 cwt of copper.”