> > The central theorem of value form theory is that abstract labor and > > value are constituted by exchange. That is a thesis which Marx spent > > his whole adult life trying to refute; it was always characteristic of > > the theories of the bourgeoisie from its very origins that "value was > > generated by trade", and in adopting that idea, value form theorists > > say nothing different, except that they draw the conclusion that this > > is a bad thing.> I agree, value form theory seems to me to be a modern retreat to what > Marx termed vulgar economics.
Hi Paul C:
Actually, the simplistic production-only focus was a characteristic of
the vulgar Ricardians and was a major reason for the disintegration
of the Ricardian school.
In solidarity, Jerry
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Received on Fri Dec 19 22:31:56 2008
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