From: Philip Dunn (pscumnud@DIRCON.CO.UK)
Date: Fri Feb 06 2004 - 11:31:25 EST
Quoting gerald_a_levy <gerald_a_levy@MSN.COM>: > The February issue of _Metroeconomica_ has a article by > Veneziani on ""The Temporal Single-system Interpretation of > Marx's: a Critical Evaluation". > > An abstract is at: > http://www.blackwell-synergy.com/links/doi/10.1111/j.0026-1386.2004.00184.x/abs/ > Hi Jerry From the abstract: "Marx's propositions on value and exploitation are tautologically obtained (i) by constructing a money costs theory of value, where by assumption values are equal to market prices ..." I cannot see that as a defect. "... and (ii) by arbitrarily assuming that the undefined monetary expression of labour time is positive." Strange. Undefined? But I have not seen the whole paper. Philip Dunn
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