Will not be discussing the Transformation issue in this short piece (now be done it tomorrow & will send off line to about 6 of you for criticisms if you have time). . . .and will use Hans Ehrbar's excellent comments, quoting you (him). Found you: http://content.csbs.utah.edu/~ehrbar/ will also use this vampire quote from Karl,
“Capital isdead labor, that, vampire-like, only lives by sucking living labour, and livesthe more, the more labour it sucks.” Karl Marx, Capital, Volume 1, (1867:233) Thank you PEN-Lers. . . Brian -----Original Message----- From: Jim Devine <[email protected]> To: Progressive Economics <[email protected]> Sent: Sun, Oct 28, 2012 12:46 pm Subject: Re: [Pen-l] Marx at McDonalds - Please Advise! 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
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