Title: RE: [PEN-L:27557] Marx and value: common ground?
Gil writes: I'm going to sidestep for now the part of our exchange dealing with Marx's putative association of a bourgeoise system of ethics and the hypothetical condition that commodities exchange at their respective values and focus on
Chrish Burford wrote:
I could not find the footnote, but Marx uses the word "assume" in the
sense
in which Jim uses it
Playing with words. The results already obtained include Marx's
logico-historical derivation of the _existent_, equal comodity exchange.
Mark Jones
t;Jim Devine" [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, April 18, 2000 6:06 AM
Subject: [PEN-L:18220] Re: Re: Marx on value
I wrote:
At this high level of abstraction, the price of production of any
commodity equal its value (while the market price of the commodity
equals
At 22:06 17/04/00 -0700, you wrote:
what I was thinking of can be found at the end of chapter 5 of CAPITAL Vol. I:
...
average prices do not directly coincide with the values of commodities,
as Adam Smith, Ricardo, and others believe.
This argument is why it is unwise to use the term
At 07:55 AM 04/18/2000 +0100, you wrote:
In fact surely the entire burden of Marx's thesis in all 3 vols of Cap +
TSV and indeed in all his mature economics writing, is that profits MUST
be explained and CAN ONLY be explained on the basis of EQUAL commodity
exchange, not for eg according to
Chris Burford [EMAIL PROTECTED] 04/17/00 07:16PM
True a stock market crash could trigger a financial crisis which could
trigger an economic crisis particular if US consumers stop consuming as if
they never had to save. However only a general political crisis could shift
the balance of
Jim Devine [EMAIL PROTECTED] 04/18/00 11:03AM
BTW, I think it's possible to develop a Marxian theory of the origins of
profit without equal exchange or even the "law of value." Marx starts with
a societal perspective, with "capital as a whole" in vol. I of CAPITAL and
moves in the direction
I wrote:
BTW, I think it's possible to develop a Marxian theory of the origins
of profit without equal exchange or even the "law of value." Marx starts
with a societal perspective, with "capital as a whole" in vol. I of
CAPITAL and moves in the direction of dealing with individuals and
At 07:47 17/04/00 -0700, Jim Devine wrote:
At this high level of abstraction, the price of production of any
commodity equal its value (while the market price of the commodity equals
its price of production), if we measure prices and values using the same
metric. I could also find the
I wrote:
At this high level of abstraction, the price of production of any
commodity equal its value (while the market price of the commodity equals
its price of production), if we measure prices and values using the same
metric. I could also find the footnote where Marx admits that he's
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