Re: [OPE-L] Lawrence Krader on objective and subjective value

From: GERALD LEVY (gerald_a_levy@MSN.COM)
Date: Fri Nov 09 2007 - 07:00:37 EST

>Bourgeois economics failing to see the historically produced nature of the
>subject makes it
>a constitutive category.

Hi Paul C:

Some Marxists (e.g. Hilferding, Bukharin)  have made the opposite mistake:
i.e. they
counter-posed an "objective" theory of value to the "subjective"
(marginalist) theory
of value.

>The outlook of bourgeois economics is irremediably tied to the social
>relations of bourgeois society and it can not imagine human beings except
>in their form as 'subjects'.

And many Marxists have not been able to conceive of classes in bourgeois
society other
than as "objective" entities.  Yet, classes and other agents in bourgeois
soceity come to
be both objects and subjects.

The point simply is that value and price and the larger subject matter
(capitalism) have
constituite elements which are both objective and subjective.

The answer to the one-sided nature of bourgeois theory is not to develop
opposing one-sided theory.

In solidarity, Jerry

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