I don't think that Mike Beggs is doing what you seem to suggest. He seems to be suggesting that we look at Marx for ways to answer practical questions and that the answers can have some overlap with conventional economics. I look at the German-trained US economists of the 19th century who saw that a profitable competitive industry with high fixed costs and low marginal costs was an impossibility -- again overlapping Marx's OCC.
On Sat, Jul 16, 2011 at 9:00 AM, Shane Mage <[email protected]> wrote: > To discuss Marxian vs. Neoclassical economic theory in terms of price > theory, as Beggs does, is to waste our time. > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
