Re: [OPE-L] price of production/supply price/value

From: Ian Wright (wrighti@ACM.ORG)
Date: Tue Feb 07 2006 - 19:06:31 EST

Hi Paul

> Surely not. It attacks marx not at the foundation - in volume 1 but
> in volume 3, and unfinished draft that he considered not ready
> for publication.

Fair point.

> The argument in volume 1 does not rest on the assumption of
> equal rates of profit for different capitals. The neo-ricardians
> attack by way of an auxilliary hypothesis - Gould's term a 'spandrel'.

Not quite fair because Marx accepted the hypothesis of uniform profit.
The neo-Ricardian critique is an "immanent" critique of Marx's Vol. 3.

F&M, and your good self, reject a premiss of the TP -- that is
realised uniform profit rates. No doubt uniform profit is unrealistic
and prices of production are "ideal" prices. The question remains,
however, why Marx's value theory doesn't appear to function as he
hoped/intended in this ideal case (at least according to the N-R


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