[OPE-L:6320] Re: Re: recent science and society and Fred M's

From: Rakesh Bhandari (rakeshb@stanford.edu)
Date: Tue Jan 15 2002 - 20:28:16 EST

>Responding to Gil's question
>Why is it necessary to embrace the labor theory of value in order to be a
>In 6315, Rakesh wrote:
>"My first answer is simple and predictable: if the average rate of
>profit is not ultimately determined by labor time relations, then
>capitalism cannot give rise to those contradictions in the process of
>production that Marx, as a materialist, thought were the precondition
>for the revolutionary activity of the only the subject that Marx
>thought had even the latent power to actually effect a transition in
>the mode of production--the working class."
>My reaction:   It seems to me that the task of today is to show what
>you assert.  To date, as far as I know, this has not been done.

Yes, you are right.

>  Given
>the current state of our knowledge it seems strange to insist that one
>must embrace or believe in the labor theory of value to be considered
>a Marxist.

I am confused here. Does one say that one doesn't have to accept the 
theory of natural selction to be a Darwinian? This analogy must be 
off. Why?

>   To be sure, I think we would both agree that dismissals
>of Marx's "Law of Value" are, at best, premature.

Yes, I think there are many adequate solutions to the 
transformation, and I think the comparative static nature of many of 
criticisms of the law of the tendency of the rate of profit to fall 
makes them suspect.

But I do have a criticism or two of the TSS school that I will 
forward at the appropriate time.

>Rakesh,  would you explain what you went on to say in your post.
>"But as I said I am anxious to hear other answers. It would be great
>if Tony Smith appeared on this list--to write about Lakatos' and hard

John, I'll try to attempt an explanation but I was thinking of theory 
of labor value as part of the hard core of the Marxian research 
programme. I hope that Tony S appears on this list.


This archive was generated by hypermail 2b30 : Sat Feb 02 2002 - 00:00:05 EST