[OPE-L:4719] Re: value vs potential value

Michael William (mwilliam@compuserve.com)
Thu, 10 Apr 1997 14:39:28 -0700 (PDT)

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Paul C writes:
> It [Mike L's account of the determination of value] may not be an
individual subjectivist view, but it is in accord with
> the Hayekian social subjectivism that is currently the chief ideological
> enemy of socialist political economy.
I'm not sure what this means:
1. In what sense is 'Hayekian social subjectivism' ideological?
2. What is an 'ideological enemy' if a social theory such as 'socialist
political economy'.

Underlying these questions is my puzzlement as to what scientific (small
's'...) import we can give to the political economy of a non-existent
(socialist) system. A critique of an actually existing social system
(capitalism) through a critique of its major theoretical expression
(bourgeois economics), now that is something else ... .

Dr Michael Williams
"Books are Weapons"

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