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

From: Ian Wright (
Date: Fri Jul 11 2008 - 14:48:24 EDT

> Not exactly. We conclude that since it is reasonable to expect the
> continue intervention of this human hand, the force that pushes the ball
> toward the bottom of the bowl is of secondary importance in a market
> economy. 

"Not exactly", "secondary importance": you are being vague.

To understand the trajectory of the ball we of course need to consider
the *combination* of both factors: the force from the hand and the force
due to gravity.

Think of Marx's "law of value" in this manner: it is a necessary but not
a sufficient condition to explain the trajectory of market prices. Marx
said as much.

I think you are looking at Marx, and the classical labor theory of
value, through the lens of an Austrian caricature.

> WRIGHT, could you please respond too? Is this the goal of most
> Marxists: fixing labour tokens proportional to labour values and
> casting aside prices? Is it your goal too?

No in both cases.

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