Judging from the list discussion, I would like to say I agree with the VF emphasis on the actualization of value in exchange, appreciate the VF probing of the meaning of abstract labor (including Riccardo's attempt to understand abstract labor as alienated potency), agree with the monetary and macro parts of Fred's interpretation, find attractive the Gouverneur-Shaikh iterative solution to the transformation problem (though I don't really think the inputs are in the form of commodity values, as Fred and Alejandro have argued), agree with Allin's underlining that any interpretation of Marx's value theory should make sense of the thesis of double divergence, appreciate Allin and Paul C' empirical work on the strength of the tendency of the profit rate to equalize, do find the sequential, dynamic, difference equations approach of TSS (Ernst, Kliman, Freeman and Carchedi) to be right on the money (so to speak), and have learned from Ajit's attempt to figure out whether different problematics are working at cross purposes in Marx's value theory (though I think making sense of the possibility and necessity of crises of general, as opposed to partial, overproduction on the basis of the nature of money was Marx's main problem throughout, including in Capital I, part I--not the division of labor as Ajit has it, but then I am a student of Grossmann and Mattick Sr). I don't see how the neo Ricardian theory gets off the ground since it does not have a theory of money; don't agree that marx's theory of the falling rate of profit can be tested in terms of models which employ the methodology of comparative statics; the infinite regress critique seems to me trivial; the thesis that the use value of any commodity can be productive of value seems to me to based on a refusal to accept Marx's definition of value as labor time alienated or objectified in a commodity--not simply any product of labor. It's 102 degrees here today, and it's easier to type than pack and move boxes. Yours, Rakesh
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