Re: (OPE-L) Ernesto's "Damned Lies" ?

From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Tue Feb 17 2004 - 02:57:37 EST

At 3:12 +0000 17-02-2004, Phil Dunn wrote:

>Would you agree that the charge of systematic inconsistency against
>Marx acts to exclude Marxist thought from any consideration (in

I would disagree. Ernesto himself played a good deal of consideration
in economics to Marxist thought, and feel himmself a Marxist.

For me, I consider inconsistent all the great economists. For sure,
Smith, Walras, Keynes. May be not Ricardo, but in fact he is the
least interesting of the 5 named.

>I say this even though I reject price of production theory.  There
>is no tendency of profit rates towards uniformity.
>Also I am not opposed to equilibrium as such, only certain
>equilibrium theories.

I agree with both points.

Riccardo Bellofiore
Dipartimento di Scienze Economiche
"Hyman P. Minsky"
Via dei Caniana 2
I-24127 Bergamo, Italy
direct    +39-035-2052545
secretary +39-035 2052501
fax:      +39 035 2052549

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