[OPE-L:2902] Re: starting point and capital

From: Rakesh Bhandari (bhandari@Princeton.EDU)
Date: Tue Apr 25 2000 - 13:40:42 EDT

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Oops, I am losing my connection.
I meant to say that the ancient Greeks could not have developed economic
theory because the generalizations upon which it is based depend upon the
standardization of (calculated and calculating) behavior that follows only
upon the full monetization of social relations. Capitalism creates a kind
of homogeneous totality in terms of which it would be anachronistic to
understand other social systems. I think Wesley Clark Mitchell makes this
point somewhere in his Types of Economic Theory (he also understands
Richard Jones to be a crucial predecessor of Marx!)
YOurs, Rakesh

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