Re: [OPE] Paul Sweezy & Labour theory.

From: Alejandro Valle Baeza (
Date: Thu Mar 13 2008 - 20:48:32 EDT


Riccardo Bellofiore escribió:
Re: [OPE] Paul Sweezy & Labour theory.
I would suggest to think again.

But also to look at the chapter by Sweezy in ³Marxian Value Theory and Crisis,² Monthly Review, July­August 1979; reprinted in Ian Steedman, et. al., The Value Controversy (London: Verso, 1981), which contains a kind of self-criticism.

And especially to read the wonderful interview with Sungar Savran and and E. Ahmet Tonak:


At 9:42 +0000 13-03-2008, Alejandro Agafonow wrote:
What do you think about Paul Sweezy¹s assertion that labour theory of value is essentially a theory of general equilibrium?
Paul Sweezy. Teoría del desarrollo capitalista, 1942, México, Fondo de Cultura Económica, 1981.
Kind regards,
Alejandro Agafonow

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Riccardo Bellofiore
Dipartimento di Scienze Economiche
"Hyman P. Minsky"
Università di Bergamo
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Riccardo and Alejandro, thank you both for this valuable comments on Labor Theory of Value and Sweezy. As Riccardo said Tonak interview is quite interesting.
I think that  this  article from Mandel is also interesting :

Ernest Mandel
The Labor Theory of Value and Monopoly Capitalism
(March 1967)

>From International Socialist Review, Vol.28 No.4, July-August 1967, pp.29-42.

Alejandro Valle Baeza

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