Re: [OPE] Value form theory 101

Jurriaan Bendien wrote:
>
> The central theorem of value form theory is that abstract labor and
> value are constituted by exchange. That is a thesis which Marx spent
> his whole adult life trying to refute; it was always characteristic of
> the theories of the bourgeoisie from its very origins that "value was
> generated by trade", and in adopting that idea, value form theorists
> say nothing different, except that they draw the conclusion that this
> is a bad thing.
>
 I agree, value form theory seems to me to be a modern retreat to what
Marx termed vulgar economics.
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Received on Fri Dec 19 09:10:07 2008