Re: [OPE] Dialectics for the New Century

From: paul bullock (
Date: Tue Apr 08 2008 - 08:04:57 EDT


I know of no evidence that money was issued by any state in the absence of 
some form of commodity exchange.


----- Original Message ----- 
From: "Dave Zachariah" <>
To: "Outline on Political Economy mailing list" <>
Sent: Saturday, April 05, 2008 9:26 AM
Subject: Re: [OPE] Dialectics for the New Century

> on 2008-04-05 00:16 paul bullock wrote:
>> Marx demonstrated through a dialectical method, why money came into 
>> existence and what it represented. Then he demonstrated why a concept of 
>> price at one stage in the development of commodity production had to give 
>> weay to another concept ie 'simple price' to 'price of production'. Here 
>> I use the term concept as an idea that actually properly grasps a real 
>> process.
> Paul, I think you need to be careful with the word 'demonstrated' here. 
> You can demonstrate logically, i.e. deduce certain consequences, and you 
> can demonstrate things empirically. They are not the same thing. It does 
> not matter if the logical demonstration was consistent and elegant, if it 
> is contradicted by empirical evidence one discards the theory in the 
> search for a better one.
> Marx deduced the origin of money, but it is a prediction that lacks 
> empirical support. Money did not emerge from commodity production but from 
> pre-capitalist states.
>> (Incidentally since Marx died when my own grandfather was already 16, I 
>> feel you should play down the 'too many years ago' bit as if it were an 
>> argument ;-)
> It was just a reminder that Karl Marx was a human being in a long line of 
> great thinkers but with knowledge and concepts conditioned by the 
> historical circumstances of his day. If you put Marx at par with other 
> great thinkers of that century, such as Darwin and Maxwell and compare how 
> their scientific theories were refined with time as empirical evidence 
> accumulated and new theoretical concepts were introduced, then you will 
> have a sober reading of Marx, the social scientist.
> //Dave Z
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