Patrick: > Aren't there a great many ways that irrationalities in capitalism introduce > deviations of price from value? Isn't that one of the ways you can see how > failing to solve the Transformation Problem in Das K was less an indictment > of Marx - and more an indictment of a capitalist system that regularly > directs investment capital into places that are suboptimal (or often > counterproductive) from the standpoint of generating surplus value? (Like > rentier activity, or excessively capital-intensive production?)
exactly! (I second Michael's emotion!) And we shouldn't just be damning Bohm-Bawerk but also Bortkewicz for creating a dead-end for Marxists to run into. -- Jim Devine / If you're going to support the lesser of two evils, at the very least you should know the nature of that evil. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
