From: Rakesh Bhandari (rakeshb@STANFORD.EDU)
Date: Tue Jun 01 2004 - 19:42:49 EDT
At 9:55 AM -0400 6/1/04, Paul Zarembka wrote: >Rakesh Bhandari <rakeshb@STANFORD.EDU> said, on 06/01/04: > >>How is Marx's theory of value to be >>verified or confirmed? How is the retroduction (Bhaskar) to value >>relations to be validated? But Marx already answered that. He not only >>deduced that value relations had to be expresed through exchange value and >>that he therefore had to work out the mediations of that expression, he >>was also able to explain the laws of motion on the basis of his mediated >>theory of value. ... > >>Marx's deduction is sounder than Bohm Bawerk's (only if there is a common >>substance is it likely that exchange ratios would have some stability; >>general use value is not a good candidate on simple logical grounds as >>abstract labor--see Hilferding, Boudin, William J Blake, Carchedi); Marx's >>deduction is retroactively validated (Postone) by the real relations that >>he able to lay bare on the basis thereof. Which includes intertemporal >>change in exchange ratios, as Shaikh and others have argued. > >> So the answer to my questions: the same way that Eddington confirmed >>Einstein. Marx is validated by the real tendencies that he was able to >>explain and predict--concentration, centralization, general crises, >>structural limits to working class advance, eventual working class >>retrogression, the breakdown of capitalist fraternity. Wassily Leontief >>realized the towering superiority of Marx over all rivals. > >Rakesh, > >You are dropping names, but not answering Ajit's question what is 'value'. I have and did speak to the questions that Ajit has been putting to me. But I am glad that you have been following our voluminious correspondence. > >Anyway, you claim a lot for Karl; oh you haven't heard the first of it. > just what we always needed to be certain our revolution was just, >true and the only possible one. Justifying Marx's value theory in terms of Bhaskarian retroduction hardly gives it ineluctability. > Actually we don't even need this list for Karl has answered all >our questions. I think you are jumping to conclusions. > Jerry, please close the list and get on with the revolution >(perhaps starting by getting rid of "Chavez's authoritarian regime", >quickly followed by a general uprising in Latin America under the >banner of the "towering superiority of Marx") . It just does not seem to me that you are speaking to what I actually write. Rakesh >Paul Z. > >************************************************************************* >Vol.21-Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy >RESEARCH IN POLITICAL ECONOMY, Zarembka/Soederberg, eds, Elsevier Science >********************** http://ourworld.compuserve.com/homepages/PZarembka
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