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From: John Vertegaal <[EMAIL PROTECTED]> It seems to me that Marxism would be trying to have it both ways if the self-determination of its value concept, coming into being at the moment capital goods/commodities are produced, is applied to a capitalist-run economy _in terms of its distributional unit of account_, as if this were a valid observational point of departure in static equilibrium. For in that case, when, where, how and why does a disequilibrating thrust enter the picture? My own way out of this dilemma is that the power to pre-allocate cannot determine value, as investments are worth only as much as _others_ will substantiate they are _over_ time; determinism in terms of a unit of account is futile, when output can be spurned. ^^^ CB: Isn't the disequilibrium right there in production in that the workers are also the mass of consumers ( at least of personal consumption goods and services). So, with the surplus extracted the workers don't have enough buying power or demand to buy all they produce. We know right there that all the commodities produced can't be bought, that there is overproduction relative to demand. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
