Re: (OPE-L) Luxemburg's Intro to P.E. in English

From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Fri Nov 19 2004 - 03:38:04 EST

At 20:22 -0800 18-11-2004, Rakesh Bhandari wrote:
>At 7:27 PM +0100 11/18/04, Riccardo Bellofiore wrote:
>>btw: me myself (though I would never claim to be orthodox, as RL
>>wanted to be) would say that the TRPF would be essential in a
>>overwhole crisis theory based on LTV, which should put together TRPF,
>>disproportionality-effective demand crises, workers struggle in value
>Riccardo, I thought you had just praised Luxemburg for not betting on
>TRPF which you are now claiming is essential?
>Yours, Rakesh

exactly, the problem is in the interpretation of the law. if I would
spell out my view, you would see that I am against the canonical
readings of the law, including Grossmann's. my view is that the LTV
would permit to see that exactly those means that allow capital to
overcome the TRPF slides into effective demand crises, and the means
permitting to overcome effective demand crises created profit squeeze
for class stuggle in production, and that this is a verry quick
sumary of capitalist dynamics until the late 70s.

sorry for noy following the discussion but I have desperately to
finish some other works.


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

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