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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