Rakesh Bhandari wrote: "Much economic criticism of Marx aims at showing that the labor theory of value is not a reasonable working hypothesis in a complex capitalist economy (the hoary transformation problem) so it shouldn't even be allowed to be applied to analysis and serious problems. This is not something serious scholars do, it is something propagandists, hacks and worse of all metaphysicians do."
This is precisely right. This is why it is suppression of Marx -- his theory SHOULDN'T EVEN BE ALLOWED TO BE APPLIED. This is what people like Roemer et al. say, and why it is utterly disingenuous to say that they were/are just expressing a different viewpoint. Andrew Kliman
