[OPE-L:7210] [OPE-L:734] Re: Re: Re: Thought experiment on exchange

Rakesh Bhandari (bhandari@phoenix.Princeton.EDU)
Tue, 23 Mar 1999 20:44:27 -0500 (EST)

>That's fine. That means (as I argue in the portion of the post that was
>that according to your reading of Chapter 1, Marx's conclusion follows
>because it was assumed in the first place, and not because of any
>"equalizing" properties of exchange. Marx's entire reference to the
>properties of exchange is, by this reading, redundant and a red herring.

If Marx's deduction of abstract labor follows not from "the equalizing
properties of exchange" (as you put it) but from the considerable stability
in exchange ratios (as Carchedi would have it), then it's not a red

Yours, Rakesh