---------- Forwarded message ---------- From: Steve Keen <s.keen@uws.edu.au> Date: Tue, 24 Oct 2000 12:37:28 +1000 Subject: Re: [OPE-L:4238] Re: Logic and illogic in defending Marx Yes it is an exaggeration Jerry, but not one without some foundation in fact. I remember that, many years ago, when I told Bruce McFarlane that I was doing my Masters thesis on Marx, he said "The transformation problem, I suppose?". He was surprised when I said no. Cheers, Steve At 15:09 23/10/00 GMT, you wrote: >Steve wrote in [OPE-L:4206]: > > >> Firstly, my plea for discussing other current issues--such as the Internet >> Bubble in the USA--was not a request for this list to abandon its >> theoretical foundation. It was more an observation that, if we did discuss >> such topics, our discussion would not in any meaningful way be informed by >> theories of Marxism--because we are still trying to work out the basic >> building blocks of such a theory. >> If I were discussing this topic on a post keynesian list, then I could use >> Basil Moore's theory of endogenous money, Minsky's theory of financial >> instability, Wynne Godley's work on social accounting matrices, Willi >> Semmler's work on credit cycles, my own extended-Goodwin model of chaotic >> interactions in finance, Andresen's model of stock markets... There are >> plenty of Post Keynesian building blocks for extended analysis of complex >> sub-systems of capitalism. >> But what are Marxists able to contribute on this? Of course there are some >> components; but the vast majority of academic output by Marxists has been >> about ... the transformation problem... > >Surely, you must know that this is an exaggeration. Even for those who have written about the TP, it only constitutes a fraction of their intellectual output. Indeed, I don't think there is any one member of this list whose main concern and output has been the TP (although, I could be mistaken). > >As for the more concrete subject you suggest, are you not aware of the works by (among others) Makoto & Costas, Suzanne, Akira, former listmember Mino Carchedi, Robbie Guttmann, and Weber/Rigby? Surely, these represent significant works. Instead of denying their importance, perhaps it would be more useful to have a dialogue between the two traditions. > >In solidarity, Jerry > > Dr. Steve Keen Senior Lecturer Economics & Finance University of Western Sydney Macarthur Building 11 Room 30, Goldsmith Avenue, Campbelltown PO Box 555 Campbelltown NSW 2560 Australia s.keen@uws.edu.au 61 2 4620-3016 Fax 61 2 4626-6683 Home 02 9558-8018 Mobile 0409 716 088 Home Page: http://bus.macarthur.uws.edu.au/steve-keen/
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