[OPE-L:7358] Re: Re: Re: Re: Re: Re: interpreting Marx's texts

From: Rakesh Bhandari (rakeshb@stanford.edu)
Date: Fri Jun 07 2002 - 22:38:40 EDT 



Re: [OPE-L:7352] Re: Re: Re: Re: Re:  interpreting
Mar

Diego writes:








I disagree. Ricardo and Marx wanted
what Mattick and you say but wanted to explain prices too. Of course
the object of a theory of value is not to explain every price of
every commodity at every moment in time at a hyper-individualistic
level. Its object is however to explain the main trends in the value
of the main types of commodities or sectors because this amounts to
explain the heterogeneous and unequal process of capital accumulation
which in turn determines the process of allocation of labor inside
the economy.





How could it have have been Marx's objective in three volumes of
Capital to provide a theory of the determination of individual or
sectoral commodity prices and relative prices or even the real
general price level since he


1. never dropped the assumption of a constant value of
money


2. he never broke down his transformation tables into unit
values


3. He never factored in different turnover times or the role of
monopolies in his transformation tables, etc.?


















 








I guess you are referring to Alfredo
Saad-Filho. I promise to read this book.








Yes, and I feel quite silly not to have got Alfredo's name
right; perhaps if we meet in person, I shall not make this
embarrassing error again. But I promise you the book is quite
illuminating.





All the best, Rakesh















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