From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Mon Apr 23 2007 - 14:40:08 EDT
Rakesh asked:Which aspects of equilibrium does Marx accept, if any? We of course need clarity here.I am not totally sure about all of it, to be honest.Marx accepts among other things:- that supply and monetarily effective demand will adjust to each other- that specific proportions between different sectors of production are required for balanced growth- that market prices for new output (and possibly values) gravitate towards prices of productionBut none of this need logically imply any concept of equilibrium.The central bourgeois-ideological notion is that the free operation of the market creates equilibrium in the sense of social stability.Market forces tend spontaneously towards equilibrium, and therefore spontaneously promote social stability.Jurriaan
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