[OPE-L:7030] unresolved issues about how contemporary capitalism works

From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Sat Apr 20 2002 - 06:47:40 EDT

Re Simon's [7028]:

> It seems to me that what we call it doesn't much matter. But there are a
> whole host of unresolved issues about how contemporary capitalism works.
> For example:
> 1. What determines the value of labour power and wages?
> 2. What determines the value of money?
> 3. What is the predominant pattern today of technical progress? Has it
> changed? If so, why?
> 4. Why has the rate of profit been rising in major capitalist economies
> since 1982 or so?
> 5. (If you believe in the distinction) what are the consequences of the
> continuous steady rise in unproductive labour over the last third of the
> 6. Why is inflation so low? (Or, why was it so high in the 70s and 80s?)
> 7. What are the economic mechanisms of imperialism?
> 8. If finance is an unproductive sector, why is it so predominant?
> 9. How do financial derivatives and associated products connect with value
> theory?
> 10. What determines exchange rate movements?
> (And more generally:
> 11. Why is Marxism so male? (Look for example at OPE-L.)
> 12. What do we mean by socialism, and how do we think it might work?
> And I could go on.)

Go on  ... * PLEASE *.

In solidarity, Jerry

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