[OPE-L:5051] Re: Production and Circulation

Michael Williams (mwilliam@compuserve.com)
Fri, 16 May 1997 16:16:11 -0700 (PDT)

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I think some of my asides have led to my misleading Andrew K. So here's a

> I don't know why you think I'm exasperated. I don't think I am.

Michael W:
I'm glad to hear it - nothing more intimidating than an exasperated
American ... .

> Andrew K
> You are using "single-system" here in a different sense than Ted and I
> instance) have. One difference is that, as we have used it, the single
> two system distinction doesn't refer to money vs. labor-time.
> measured both values and prices in money, but definitely had two separate

> systems of price and value equations instead of Marx's one. The
> misinterpretation of value as labor-time and price as money is a
> and later error.

Thanks, that clears something up for me.

> Andrew K:
> Second, we mean by "single-system" something different from "They are
> constitutive moments of the same, single, system." "Constitutive
> carries ontological and structuralist connotations we do not intend.

OK. For what it is worth, my value-form approach is more analogous (but
only analogous) to a systems theoretic rather than a structuralist
approach. It has antecedents in the Frankfurt School->Habermas->Offe,
rather than in any variant of structuralism (including the Althusserian

Ho hum

Dr Michael Williams
"Books are Weapons"

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