[OPE] Jan Toporowski on Marxian theory of money

"Perhaps the real difficulty for the Marxian monetary analysis... arises from taking as its starting point axioms drawn from Marx's fundamental critique of mid-nineteenth-century capitalism. Such a starting point then requires a Rudolph Hilferding to transform the analysis for the twentieth century, and a similar genius to transform that twentieth-century analysis for our present post-Hilferding age, if it is to avoid degenerating into an eclectic search for elements of current analysis that can be used to provide support for relics of past ideas."

http://rrp.sagepub.com/cgi/reprint/38/4/652

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Received on Fri Oct 3 21:10:12 2008