How do the value theoretic questions on the list relate to the more concrete questions? On Sat, Apr 20, 2002 at 06:47:40AM -0400, gerald_a_levy wrote: > 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 > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael@ecst.csuchico.edu
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