[OPE] Problems in International Political Economy (IPE)shaikhsdefence of Marx

From: Jurriaan Bendien (adsl675281@tiscali.nl)
Date: Sun Apr 20 2008 - 09:54:11 EDT


Thanks for your comment. I do admire your work, though I do not have a good grasp yet of Bolzmann, Yakovenko, Leopold Kronecker and Emmy Noether (the poesis is interesting). I am a bit doubtful though about using concepts used to describe the determinism of physical systems to describe the reproducibility of a social order.

Arguably, most conventional equilibrium theorizing is based on these main theorems:

1) An equilibrium in resource allocation is constituted through trade
2) There exists a set of (equilibrium) prices at which all markets will clear
3) Trading activity, if unimpeded by any restrictions on trade, will reach these prices and therefore will reach the equilibrium state

Seems to me however that all these assumptions are not accepted by Marx, and that their acceptance depends on assuming counterfactual conditions.


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