From: A.B.Trigg (A.B.Trigg@OPEN.AC.UK)
Date: Thu Feb 26 2004 - 09:21:31 EST
I have two further points/questions on Grossmann and Say's Law:
1. It could be argued that all proponents of the falling rate of profit, when they use Marx's reproduction schema, implicitly assume Say's Law. Supply creates its own demand, and extended reproduction breaks down because there is not enough supply. When there is enough supply then this it is assumed that this supply creates its own demand. If the conditions for expanded reproduction are not shown to be unlikely then this could be argued.
2. My second question is can all proponents of the falling rate of profit thesis be placed in a clear Grossmanite lineage? Before Grossmann the falling rate of profit was very marginal to Marxist economics; so if Grossmann implictly assumes Say's Law then the point can be generalised to much of Marxist economics. I don't have enough knowledge of the history of Marxist economics to back this up, but it is to some extent argued by Howard and King.
Andrew T.
-----Original Message-----
From: Gerald A. Levy [mailto:Gerald_A_Levy@MSN.COM]
Sent: 25 February 2004 22:07
To: OPE-L@SUS.CSUCHICO.EDU
Subject: (OPE-L) RE: Say's Law in Marxian Theories?
Hi Diego.
>>>
-- Are there any Marxian theorists from a non-"Grossmanian"
tradition which assume Say's Law?
There is the Duménil's book "Marx et Keynes face la crise", in French
(1983?). I think he doesn't mention Grossmann's book, but it is a very interesting book. <<<
I have that book. It was published in 1977 by Economica in Paris (ISBN 2-7178-0055-7) in pb. No work by Grossmann is listed in the Bibliographie. I don't recall Gerard assuming Say's Law though ....
In solidarity, Jerry
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