[OPE-L:7059] Re: Re: unresolved issues about how contemporary capitalism works

From: Simon Mohun (s.mohun@qmul.ac.uk)
Date: Wed Apr 24 2002 - 18:22:45 EDT

A comment on Michael P's question below: I think this is an important issue 
which raises a whole host of issues concerned with what is the analytical 
heart of Marxism and how this relates to the socialist project. (I vaguely 
remember Colletti wrote about this in his essay 'Marxism: Science or 
Revolution?') Broadly, I don't think that Marxism is much without the 
labour theory of value (and I am not at all bothered that Marx never called 
his theory of value the LTV - this seems a later development to distinguish 
it from the rival 'subjectivist' theory of value from the 1870s and after. 
Did Marx know anything of the latter?). Hence if value theoretic issues 
distinguish Marxism in the analysis of capitalism, they must have some 
bearing on the more concrete questions. But these are not well-developed 
issues, and I'm afraid I don't have much to add at present.


>How do the value theoretic questions on the list relate to the more
>concrete questions?
>Michael Perelman
>Economics Department
>California State University
>Chico, CA 95929
>Tel. 530-898-5321
>E-Mail michael@ecst.csuchico.edu

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