Re Simon's [7028]: > It seems to me that what we call it doesn't much matter. But there are a > whole host of unresolved issues about how contemporary capitalism works. > For example: > 1. What determines the value of labour power and wages? > 2. What determines the value of money? > 3. What is the predominant pattern today of technical progress? Has it > changed? If so, why? > 4. Why has the rate of profit been rising in major capitalist economies > since 1982 or so? > 5. (If you believe in the distinction) what are the consequences of the > continuous steady rise in unproductive labour over the last third of the 20C? > 6. Why is inflation so low? (Or, why was it so high in the 70s and 80s?) > 7. What are the economic mechanisms of imperialism? > 8. If finance is an unproductive sector, why is it so predominant? > 9. How do financial derivatives and associated products connect with value > theory? > 10. What determines exchange rate movements? > (And more generally: > 11. Why is Marxism so male? (Look for example at OPE-L.) > 12. What do we mean by socialism, and how do we think it might work? > And I could go on.) Go on ... * PLEASE *. In solidarity, Jerry
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