[OPE-L:1891] Re: Reply to Claus on the money supply

Subject: [OPE-L:1891] Re: Reply to Claus on the money supply
From: Gerald Levy (glevy@PRATT.EDU)
Date: Fri Dec 10 1999 - 19:38:21 EST

Claus, in responding to Paul C in [OPE-L:1890], wrote:

> In this
> case, as I already mentioned, it is my understanding that making judgements
> like right and wrong of one theory - as you do of Marx's method in Capital
> - based on criteria of another theory - which in your case seems to be
> Knapp's chartalism -, is in my opinion naive and useless.

Marx *very frequently*, most notably in _Theories of Surplus Value_, made
"right" or "wrong" judgments about other theories of political economy
using his own criteria and method. Does that make his perspectives on
those theories "naive" and "useless"?

In solidarity, Jerry

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