From: Rakesh Bhandari (bhandari@BERKELEY.EDU)
Date: Sat Jun 03 2006 - 10:28:49 EDT
Does anyone know whether there is a reply to the critique of Sraffa in Cutler, et al Marx's Capital and Capitalism today? Which one of the co-authors wrote that critique? If Athar Hussain was the economist among them, is it a good guess that he wrote it? The critique points to irrealism of simultaneism, absence of money, abstraction from differential turnover rhythms, the dissolution of firms in the depiction of production processes (though no mention of the irrealism of the assumption of the wage as an identical subsistence basket of use values). The point seems to be that whatever it is, the formalism cannot serve as a theory of price formation in real capitalist conditions at any level of abstraction. Given how thorough going the critique is, I am surprised that it was not recovered along with the critiques by Pilling, Yaffe, Harrison et al and others. I know of no reply to it. Yours, Rakesh
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