From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Wed May 26 2004 - 03:52:21 EDT
--- Rakesh Bhandari <rakeshb@STANFORD.EDU> wrote: You are free of course to critique > what I actually > say as vigorously as you wish, but do note that you > hardly commented > on what I did write in my first post on money. It > was at the least > thought provoking in that I lifted some dense > formulations from Marx, > Colletti and Wolff and reworked them here and there. > You only > offered your (mis-)interpretation of what Marx was > actually saying. _________________ Fair enough! I did not comment on what you wrote is simply because that does not interest me. I thought my intervention was needed on the quotation from Marx because Marxists usually accept whatever Marx had written as "must be right". I was pointing out that that quotation from Marx was not making sense. I don't know whether you have seen it or not, but in my recent paper, 'Some Critical Reflections on Marx's theory of value' published in Westra and Zuege (eds.) VALUE AND THE WORLD ECONOMY TODAY, I have taken up many of Marx's quotations that have been generally used in support of the so-called various streams of alternative Marxist interpretation of value theory and have shown that they lead to dead ends. So let me cut through the chase and go to the bottom line of this problem. ___________________ Rakesh: Adding concrete labor labors never yields value. ________________ Ajit: Then please tell us what "yields" numerical measure of value of any commodity? ______________ Rakesh: socially necessary ABSTRACT labor time. __________________ Ajit: And how "Socially necessary ABSTRACT labor time" is measured? Cheers, ajit sinha __________________________________ Do you Yahoo!? Friends. Fun. Try the all-new Yahoo! Messenger. http://messenger.yahoo.com/
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