On 7/4/11 12:56 AM, Lakshmi Rhone wrote:
> Over at the crooked timber website John Quiggin has presented a three
> post critical reflection on Marx. The criticisms are very damaging--for
> example, no one true to Marx's labor value theoretic reasoning has ever
> done as mathematically sophisticated and interesting work as Quiggin
> himself has;  he is having his way with critics except of course the
> highly prominent host of marxmail.org <http://marxmail.org> Louis
> Proyect who continues to represent Marx's legacy brilliantly.

Mathematically sophisticated and interesting work?

Really? Maybe Rakesh can cite a paragraph or two of Quiggin's research. 
I find him exceedingly banal myself. (I am referring to Quiggin, of course.)

Here's a snippet of Quiggin's profound insights:

"What does it matter whether the incomes of the top 1 per cent are 
derived from ownership of capital or from some more complex combination 
of direct ownership, managerial control and straightforward corruption?"

Who would have anticipated that the Rakesh of 15 years ago, the ardent 
ultraleftist youth, would have become so impressed with a pipe-smoking 
Keynesian don like Quiggin. I think that a materialist interpretation of 
the history of a single individual is in order.
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