On Mon, 12 Aug 2002, Rakesh Bhandari wrote: > In regards to Gary's stimulating 7508, I have two very brief points. > > > >Hi. Two points on this: > > > >(1) Sraffa's model can accommodate rents. His chapter 11 is concerned with > >non-reproducible scarce resources. Of course, Sraffa's treatment of rent is > >different from both Marx's and Ricardo's, but as with his determination of the > >profit rate, I would argue that the differences stem mainly from the fact that > >Sraffa had more sophisticated tools at his disposal. The root question is > >whether Sraffa, Marx and Ricardo are concerned with essentially the same > >theoretical problems, at any rate in their discussions of value. In earlier > >posts Fred has argued that M&R had much the same project and that Sraffa's > >project was different from theirs. M&R were trying to articulate some very > >complicated issues at a time when economic discourse did not have a unified > >conceptual language. These difficulties have parallels in our own problems of > >intertreting that earlier discourse. I would argue that when Marx, in striving > >for a clarity he never achieved, expresses himself in a particular way that is > >different from the way SRaffa or Ricardo poses a question, he may not in fact > >be articulating a theoretical framework that is fundamentally different from > >Sraffa's, but is instead trying to develop a language of discourse that was > >not available at the time. That is to say, I think Fred is supposing that, > >because Marx EXPRESSED himself in terms that are very different from those of > >modern economics, he must have been TALKING ABOUT something different from the > >issues we find in Sraffa. > > Marx is certainly talking about something different in regards to > money than either Ricardo or Sraffa. I certainly agree with this. Fred
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