[OPE-L:5605] RE: Re: Ockam's Razor

From: Michael Williams (michael@williamsmj.worldonline.co.uk)
Date: Thu May 17 2001 - 05:35:15 EDT

I am sure we will all agree that the political attractiveness of a
theoretical position, whilst it might motivate particular research avenues,
cannot in itself speak to the validity of a theory as an account of an
actually existing theoretical object - in this case capitalism? *If* we act
politically on the basis of, say, a one-sided LET of value, and *if* that
theory is seriously misleading about the nature of capitalism, then we may
be guilty of a catastrophic trahison des clercs!

comradely greetings,


> -----Original Message-----
> From: owner-ope-l@galaxy.csuchico.edu
> [mailto:owner-ope-l@galaxy.csuchico.edu]On Behalf Of charlie
> Sent: Thursday, May 17, 2001 5:59 AM
> To: ope-l@galaxy.csuchico.edu
> Subject: [OPE-L:5602] Re: Ockam's Razor
> Paul Cockshott wrote:
> >
> An attraction of the labour theory of value to socialists from
> Owen onwards is that it provides an alternative way to perform
> economic calculation without recourse to money, that 'power to
> command others'.
> <
> (OPE-5589)
> Closely related to this attraction is exposure of capital's
> inhuman distortions. For example, under the profit motive capital
> perpetuates stupefying labor that a machine is ready to perform.
> The reason is that capital decides whether to make the
> replacement by comparing the full cost of the machine to the
> discounted cost of workers. This way of stating the matter is
> loose; details of the calculation, considering such complications
> as prices of production, are in my book From Capitalism to
> Equality. As fas as I can see, this insight can be established
> only with a labor theory of value having a quantitative aspect.
> Charles Andrews
> Web site for my book is at http://www.LaborRepublic.org

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