From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Thu Aug 30 2007 - 13:19:25 EDT
Marx's Crisis Theory: Scarcity, Labour, Finance? Thanks for reminding me. I'll go and look, I have it at home. "Sequential" models where presented also in Italy. I remember a paper by Gianfranco Pala, togethere with Pala and Tucci. And interestingly, a scientist, Marcello Cini. During the 70s, again. rb At 8:29 -0700 30-08-2007, Michael Perelman wrote: >I also did it in 1987 in my Marx book, which I had begun quite a bit earlier. > >On Thu, Aug 30, 2007 at 05:23:57PM +0200, Riccardo Bellofiore wrote: >> In a sense, Fred, this was not already there in >> Shaikh 1974 or the like, without the excessive >> stress on the non-equilibrium etc.? The TSSI >> claims that there is no convergence to the >> Sraffian solution but I doubt that, it seems to >> me that (as the the Austrian Mises would do: he >> too was critical of equilibrium theorizing!) they >> simply say that the conditions may change between >> one period and another. >> >> If one wants to interpret Marx "correctly" should >> work directly on the German, and do a true >> hermeneutical work. Those who have done that >> certainly do not come out with ONE Marx to be put >> to test, and not a finished business for certain. >> So Kliman has to resort to a peculiar, disputable >> hermeneutical criterion, by the Neoclassical >> Stigler. This becomes dogmatic as soon as that >> criterion is put outside discussion. >> >> rb >> >> At 11:03 -0400 30-08-2007, glevy@PRATT.EDU wrote: >> >Jerry, I think where Kliman (and the TSSI in general) has advanced >> >Marxian theoryis that they have challenged the dominant interpretation >> >that Marx's theory is based on simultaneous determination (of input >> >prices and output prices and the rate of profit), and suggested an >> >alternative "temporal" determination. I don't agree with them in some >> >respects, but I think that >> >this is a crucial issue to raise, and they have been the ones to raise it. >> > >> >=============== >> > >> >Fred: >> > >> >Well, I don't think that raising a "crucial issue" is in itself an advance >> >in Marxian theory. The question is whether you or others accept the >> >specific answers and alternatives that they have offered. Simply stating >> >truisms about the need for non-linear dynamic theory isn't by itself an >> >advance in theory. Kliman and Freeman are good in terms of "talking the >> >talk" about the need for this but "where is the beef"? >> > >> >In any event - as Kliman himself highlights - their analysis is limited >> >essential to hermeneutics, especially hermeneutic issues associated with >> >interpreting Marx's quantitative theory. >> > >> >The huge departure that Kliman makes from Marx can be seen in his slogan: >> >for Marx, "the point" was to understand and change the world; for Kliman >> >"the point" is to "interpret Marx correctly". The first is a scientific >> >stance, the later is an appropriate stance for dogmatists. >> > >> >In solidarity, Jerry >> >> >> -- >> Riccardo Bellofiore >> Dipartimento di Scienze Economiche >> "Hyman P. Minsky" >> Università di Bergamo >> Via dei Caniana 2 >> I-24127 Bergamo, Italy >> e-mail: riccardo.bellofiore@unibg.it >> direct +39-035-2052545 >> fax: +39 035 2052549 >> homepage: http://www.unibg.it/pers/?riccardo.bellofiore > >-- >Michael Perelman >Economics Department >California State University >Chico, CA 95929 > >Tel. 530-898-5321 >E-Mail michael at ecst.csuchico.edu >michaelperelman.wordpress.com -- Riccardo Bellofiore Dipartimento di Scienze Economiche "Hyman P. Minsky" Università di Bergamo Via dei Caniana 2 I-24127 Bergamo, Italy e-mail: riccardo.bellofiore@unibg.it direct +39-035-2052545 fax: +39 035 2052549 homepage: http://www.unibg.it/pers/?riccardo.bellofiore
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