From: Gary Mongiovi (MONGIOVG@STJOHNS.EDU)
Date: Sat Oct 20 2007 - 13:37:01 EDT
May I just correct an inaccurate statement by Anders? He writes that: "Mongiovi and Veneziani only accept static equilibrium (input prices = output prices, Bortkiewicz, Sraffa, Steedman kind of models). They seem very unwilling to look outside this very limited paradigm." I don't believe I have ever suggested, and I know I have never believed, that the "static equilibrium paradigm" is the only legitimate framework for analyzing the world, or for interpreting Marx. On the contrary, I am on record as saying that Marx, like his predecessors Smith & Ricardo, was primarily concerned with issues that cannot be analyzed within that framework and that these issues are important. I have argued, however, that in his analysis of value, price determination & the main determinants of the profit rate, Marx adopted much the same method & approach of Smith & Ricardo, in which the objects of his investigation were conceived as long-period centers of gravitation. Gary
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