Re: [OPE-L] A startling quotation from Engels.

From: Ian Wright (wrighti@ACM.ORG)
Date: Thu Aug 09 2007 - 11:40:45 EDT

I don't find this quotation surprising either. Marx or Engels, subject
to various caveats, did not deny that market exchange is a mechanism
that allocates the total social labour of society to social needs
constrained by income. Rubin underlines this aspect of Marx's theory
of the law of value, and in some respects goes beyond it. The "law of
value" is Marx's version of Smith's "invisible hand".

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