I see on his website the author presents this as
"Facts From The Fringe
An irregular and irreverent serving of economic tidbits"
He is really criticising concepts such as "unlocking shareholder value",
which are of increasing interest to the bourgeoisified working class as
they increasingly invest directly in shares.
But Jim Stanford is of course not using the term in the marxist sense and
does not make a distinction between exchange value (which is a proportion
of the total capital-producing labour of the society and is far from
infinite) and use value (which is related to the subjective socially
conditioned determination of needs).
We need this distinction to guard against neo-classical subjectivist
theories of value which just have a grain of truth in them because of the
shifting nature of social estimate of what has use value.
"Facts from the Fringe" looks a lively column but a slightly more
propagandist approach might be of interest to those who are concerned about
the value of shares going down, as well as the hoping about some going up.
>>>>
Indeed, what is value if it can disappear so abruptly and violently
thanks to a few mis-spoken words? I am thinking that perhaps the
term "value" should be promptly reclaimed, and used once again to
describe things with rather more lasting, worldly
characteristics-things like labour, beauty, and knowledge.
********************************
Jim Stanford is an economist with the Canadian Auto Workers,
and author of a book recently published by James Lorimer & Co.
which does not feature his picture.
<<<
Amazon say his books are out print. He is apparently also the Chair of the
Progressive Economics Forum of the CEA.
Chris Burford
London
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