On 10/29/06, Jonathan Nitzan <[EMAIL PROTECTED]> wrote:
Theories of society, as of nature, are characterized by their elementary particles. The elementary particle of neoclassical economics is the util. The elementary particle of classical Marxism is abstract labour. These elementary particles represent material quanta. They are deemed useful because both neoclassical economics and classical Marxism analyze capitalism as a mode of production and consumption. In this paper we offer a different approach.
I like this a lot. The question that occurred to me while reading your different approach, particularly with regard to anticipated future earnings and hype, was to what extent does your story differ from Thorstein Veblen's theory of capitalization as explained in "On the Nature of Capital" (http://de.geocities.com/veblenite/txt/oncapital.txt)? -- Sandwichman
