On Fri, 3 Nov 2000, Alejandro Ramos wrote: > Hi Fred: > > >Therefore, the "two system" interpretation of Marx's theory - meaning that > >Volume 1 is about labor-values only and Volume 3 is about money and prices > >- appears to be of more recent origin. Andrew mentions Abraham-Frois and > >Berrebi in a late 1970s book as the first authors to present the "two > >system" interpretation. Actually, I think before these guys (whom I had > >never heard of before), there were Medio (1972) and Morishima (1973) and > >Steedman (1977, and before in articles). And even before that Seton > >(1957) also presented a "two-system" interpretation. Was Seton the first, > >or was there someone before him? > > Check the 3/4 page article by H.D. Dickinson in The Economic Journal, > December 1956. He clearly holds that values are measured in labor time and > prices in money. > > Actually, I can post Dickinson article later on. > > Alejandro Ramos Hi Alejandro, Thanks for your reminder of Dickenson. I had forgotten about Dickenson (and would appreciate it if you could post it). Does he provide textual evidence to support his "labor-value" interpretation of Volume 1? Does he cite anyone else? So I guess the "labor-value" interpretation of Volume 1 must have been somehow "in the air" in the 1950s and starts to show up in the literature with Dickenson and Seton. I wonder how it all started. And, even more importantly, I wonder what textual evidence there is to support it, since Marx is talking about money and prices and exchange from Chapter 1 on. Comradely, Fred
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