Re: [OPE-L] Marx on invisible hand

From: Dogan Goecmen (Dogangoecmen@AOL.COM)
Date: Mon Dec 04 2006 - 13:36:03 EST 

_mlebowit@SFU.CA_ (mailto:mlebowit@SFU.CA) :

Insofar  as Marx demonstrated that the rate of profit would tend to decline
while the  rate of surplus value is constant, this is definitely a critique of
Ricardo's  'falling rate of profit' (and indeed all those like Mill who
followed him in  this). And Marx is explicit--- noting that R ends up retreating to
organic  chemistry. My 1976 Canadian Journal of Economics piece on the rate of
profit  dealt with this  point.
michael

Hi Michael,

Thank you for pointing that out. Apart from his demonstration that the  rate
of profit would tend to decline while the rate of surplus value is constant  I
find Marx's methodological approach very interesting. He proves himself again
 as the best dialectician of his time.

Best

Dogan

Dogan

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