Re: [OPE] Market socialism [the false assumption of the law of value]

From: Alejandro Agafonow (
Date: Thu Jul 10 2008 - 12:53:11 EDT

Hold on Zachariah! The fact that I am willing to read your paper before advancing further arguments, doesn’t concede anything to you. I’m completely sure about the pitfalls of “transformationists” and those that tacitly or subtlety support them.
You are extremely brave to be so heterodox. Do you know what does it mean to say that LTV’s predictions hold up anyway? So VOL. III was unnecessary to hold VOL. I’s thesis. This is what you have been saying all this time. If Böhm-Bawerk were still alive…
Could you please respond? Is this the goal of most Marxists: fixing labour tokens proportional to labour values and casting aside prices? Is this your goal?
Kind regards,
A. Agafonow

----- Mensaje original ----
De: Dave Zachariah <>
Para: Outline on Political Economy mailing list <>
Enviado: jueves, 10 de julio, 2008 15:05:43
Asunto: Re: [OPE] Market socialism [the false assumption of the law of value]

on 2008-07-10 11:28 Alejandro Agafonow wrote:
> I’m going to read you paper to advance specific criticisms

You don't need to do that, just address my questions adequately instead 
of ignoring them. On the other hand, if reading the article makes things 
clearer by all means read it since my impression so far is that you 
don't quite understand what you are attacking.

> If the predicted labour-values to prices proportionality hold up 
> anyway, why should Marxists cast aside market mechanism?
> If you think that the “attractor force” corresponds to labour values 
> –not prices- in a market economy, it follows that prices function is 
> rather redundant –as Valle-Baeza states. As Marx pointed, prices are a 
> superfluous roundabout. So fix labour tokens proportional to labour 
> values and cast aside prices.

These two paragraphs are completely incomprehensible to me. Moreover, 
let me repeat again: you'd do this discussion a huge favour if not you 
bring in the potential use of labour-values in a planned economy to the 

//Dave Z

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