[OPE-L:1851] Re: [MIKE WILLIAMS] Re: subjectivity

Paul Cockshott (wpc@cs.strath.ac.uk)
Mon, 22 Apr 1996 01:25:01 -0700

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>2. It seems to me that those economists who have recourse to subjectivity
>to explain for example value, come up with theories that are both
>politically reactionary and scientifically untestable.
>I fail to see the reactionary implications of value-form approaches.
>Is it testable? Well, it has to critically incorporate any serious critique -
>rational, hermeneutic, praxeological or empirical - will that do?

I was not talking about 'value form' analyses, which dont seem to have
anything to do with subjectivity, I meant the subjectivist utility
theory of value which dominates economic teaching at undergraduate level.

Paul Cockshott