Re: More on the labor theory of value

2004-03-26 Thread michael
Regarding your first point, authors according to Biernacki, were paid by the page. Goethe was upset that he was paid identically with the creator of some trash. The only way to win an economic advantage was to produce more pages per hour. Perhaps, this can lead to the creation of Internet com

Re: More on the labor theory of value

2004-03-26 Thread Devine, James
Gil writes: > But Michael, "number of pages produced" is a measure of labor > performed, not labor power. I was going to say something similar, but held off, since Michael doesn't seem to like discussions of Marxian value theory. Note that "number of pages produced" isn't a very good measure

Re: More on the labor theory of value

2004-03-26 Thread Gil Skillman
But Michael, "number of pages produced" is a measure of labor performed, not labor power. And in Marxian terms, "the value produced by labor" is to some extent redundant, since to Marx labor *is* the substance of value, no? It would be more accurate to say on the basis of your example that the Bri

Re: More on the labor theory of value

2004-03-26 Thread Michael Perelman
I don't know about Dickens, but yes, even Marx complained about having to make his book long for the damn German publisher. On Fri, Mar 26, 2004 at 09:10:13AM -0800, Devine, James wrote: > > that would explain the verbose style of German authors? > > but wasn't Dickens paid by the word? > > Jim D

Re: More on the labor theory of value

2004-03-26 Thread Devine, James
>in German[y] publishers paid authors by the number of pages they produced rather than by the sales of the books.< that would explain the verbose style of German authors? but wasn't Dickens paid by the word? Jim D.

Re: More on the labor theory of value

2004-03-26 Thread Michael Perelman
In a way, the violinists' demands are not as strange as they seem. Richard Biernacki has argued that the Germans and the British had a different conception of labor -- the Germans historically measured labor by something like Marx's labor power; the British, by the value produced by labor. For exa

Re: More on the labor theory of value

2004-03-26 Thread Shane Mage
MAIL PROTECTED] Subject: Re: [PEN-L] More on the labor theory of value JD wrote: "Wagner's music is better than it sounds." -- Mark Twain (paraphrased). Mark Twain was making a perceptive comment on contemporary American standards of musical performance, not a philistine denegr

Re: More on the labor theory of value

2004-03-26 Thread Devine, James
Subject: Re: [PEN-L] More on the labor theory of value > > > JD wrote: > "Wagner's music is better than it sounds." -- Mark Twain > (paraphrased). > > Mark Twain was making a perceptive comment on contemporary > American standards of musical performa

Re: More on the labor theory of value

2004-03-26 Thread Shane Mage
JD wrote: "Wagner's music is better than it sounds." -- Mark Twain (paraphrased). Mark Twain was making a perceptive comment on contemporary American standards of musical performance, not a philistine denegration of one of the greatest composers ever. Shane Mage "When we read on a printed page the

Re: More on the labor theory of value

2004-03-26 Thread Devine, James
To: [EMAIL PROTECTED] Cc: Subject: Re: [PEN-L] More on the labor theory of value To be honest, this is just more evidence of German overmanning. Does an orchestra really need two trombone players, a timpanist and an oboist, each of

Re: More on the labor theory of value

2004-03-26 Thread dsquared
> of course, this isn't really about the labor theory of > value, since the players produce a collective product > with a collective labor process in which external > benefits amongst workers imply that the effects of > individual labors can't be separated. Being paid mo

Re: More on the labor theory of value

2004-03-25 Thread Devine, James
of course, this isn't really about the labor theory of value, since the players produce a collective product with a collective labor process in which external benefits amongst workers imply that the effects of individual labors can't be separated. Being paid more for more effort is

Re: More on the labor theory of value

2004-03-25 Thread Shane Mage
Isn't this being published a week too early? We're being fiddled, say violinists AP, Berlin Wednesday March 24, 2004 The Guardian Violinists at a German orchestra are suing for a pay rise on the grounds that they play many more notes per concert than their musical colleagues - a litigation that t

More on the labor theory of value

2004-03-25 Thread michael
We're being fiddled, say violinists AP, Berlin Wednesday March 24, 2004 The Guardian Violinists at a German orchestra are suing for a pay rise on the grounds that they play many more notes per concert than their musical colleagues - a litigation that the orchestra's director yesterday called "abs

Re: Islamic origins of the labor theory of value

2001-09-21 Thread Jim Devine
At 05:42 PM 9/20/01 -0700, you wrote: >< http://www.georgetown.edu/oweiss/ibn.htm > This fascinating-looking article quotes Marx as saying "wages of labour must equal the production of labour" (based on Eric Roll's citation). Did he really say that? It doesn't fit what he said in CAPITAL, while

Islamic origins of the labor theory of value

2001-09-20 Thread Ian Murray
< http://www.georgetown.edu/oweiss/ibn.htm >

the labor theory of value

2000-10-03 Thread Charles Brown
>>> [EMAIL PROTECTED] 09/25/00 07:41PM >>> >Brad, read the first two pages of Ricardo's _Principles_. A major >mistake of the >economics profession was in developing the theory of value for >commodities that >derive their value from scarcity, in other words, for exceptional >cases, instead >o

Re: the labor theory of value

2000-09-27 Thread Charles Brown
>>> [EMAIL PROTECTED] 09/25/00 10:46PM >>> In a message dated 9/25/00 4:11:17 PM Eastern Daylight Time, [EMAIL PROTECTED] writes: << CB: But "value" and "exchange-value" are not quite exactly the same thing ? >> This has probably been answered, but no. Value is socially necessay abstract la

Re: Re: Re: RE: the labor theory of value

2000-09-27 Thread Jim Devine
I wrote: ><< Locke's labor theory is a theory of property, BTW. That is, it's a >(poor) theory of why some people have property and some people have more >than others in society. Every few years I try to convince people to >change the name of Marx's "labor theory of value" to his "labor theo

the labor theory of value

2000-09-27 Thread Charles Brown
nstrumental value in nature whose value is relative to production of intrinsic values but are not in themselves or intrinsically of any value. Cheers, Ken Hanly - Original Message - From: Charles Brown <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Tuesday, September 26, 2000

Re: Re: the labor theory of value

2000-09-26 Thread Carrol Cox
Ken Hanly wrote: > Surely it is too restrictive to distinguish only "use values" and "exchange > values". Things can be intrinsically valuable to humans i.e. the enjoyment > of a sunset, the taste of an apple, (Preliminary: Neither Marxism nor any other ism is a TOE [theory of everything]) "

Re: RE: Re: RE: the labor theory of value

2000-09-26 Thread Jim Devine
Ian wrote: >My sense is that this would be somewhat helpful in developing Marxian >theories of enterprises [not Marxian theories of capitalist firms] which >took legal factors into account. It is alternatives not more critique that >needs to be done now. For the last ten months the critiques h

Re: Re: RE: the labor theory of value

2000-09-26 Thread JKSCHW
In a message dated 9/26/00 6:09:15 PM Eastern Daylight Time, [EMAIL PROTECTED] writes: << Locke's labor theory is a theory of property, BTW. That is, it's a (poor) theory of why some people have property and some people have more than others in society. Every few years I try to convince peop

RE: Re: RE: the labor theory of value

2000-09-26 Thread Lisa & Ian Murray
JD>> I think that for Marx, as with Locke, nature has no value _in society_ unless someone mixes labor with it. Both present theories of society when they present their labor theories. Locke's labor theory is a theory of property, BTW. That is, it's a (poor) theory of why some people have p

Re: RE: the labor theory of value

2000-09-26 Thread Jim Devine
At 09:01 AM 9/26/00 -0700, you wrote: > By Chapter One of _Capital_, both Nature and human labor are > sources of use-values. Only human labor is a source of exchange-values. >= >I know that. My question was trying to get at whether Marx was saying that >even though nature is the source of

Re: the labor theory of value

2000-09-26 Thread Ken Hanly
MAIL PROTECTED]> Sent: Tuesday, September 26, 2000 12:10 PM Subject: [PEN-L:2341] the labor theory of value > > > >>> [EMAIL PROTECTED] 09/26/00 12:01PM >>> > > By Chapter One of _Capital_, both Nature and human labor are > sources of use-values. Only human lab

the labor theory of value

2000-09-26 Thread Charles Brown
Actually air is a good example of a use-value from nature that does not have exchange-value because there is no human labor producing it for exchange. It is an example of wealth that human labor is not a source of . It's free, for now. CB >>> [EMAIL PROTECTED] 09/25/00 08:35PM >>> Of course

the labor theory of value

2000-09-26 Thread Charles Brown
>>> [EMAIL PROTECTED] 09/26/00 12:01PM >>> By Chapter One of _Capital_, both Nature and human labor are sources of use-values. Only human labor is a source of exchange-values. = I know that. My question was trying to get at whether Marx was saying that even though nature is the source of

the labor theory of value

2000-09-26 Thread Charles Brown
>>> [EMAIL PROTECTED] 09/25/00 05:49PM >>> >At 02:59 PM 9/25/00 -0400, you wrote: >> >Wasn't Marx himself critical of the notion that only labor creates >>>value? I recall something about nature being a partner in the >>>enterprise. > >for Marx, labor and nature both create use-values, whereas

RE: the labor theory of value

2000-09-26 Thread Lisa & Ian Murray
By Chapter One of _Capital_, both Nature and human labor are sources of use-values. Only human labor is a source of exchange-values. = I know that. My question was trying to get at whether Marx was saying that even though nature is the source of use-values, it "in-itself" does or does not h

the labor theory of value

2000-09-26 Thread Charles Brown
By Chapter One of _Capital_, both Nature and human labor are sources of use-values. Only human labor is a source of exchange-values. If an apple falls off of a tree and someone eats it, Nature was a source of that use-value. But there is no such thing as an exchange-value falling directly off

Re: Re: RE: Re: Re: the labor theory of value

2000-09-25 Thread Ken Hanly
rstand what is going on. If so perhaps you could explain it in terms a non-economist might comprehend. Cheers, Ken Hanly - Original Message - From: Brad DeLong <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, September 25, 2000 6:41 PM Subject: [PEN-L:2285] Re: RE: R

Re: Re: the labor theory of value

2000-09-25 Thread Jim Devine
At 04:16 PM 09/25/2000 -0700, you wrote: >Sounds a lot like Hayek's vision of the business cycle. But Hayek managed >to do fine without the LToV. So what's its role in this Hayekian mechanism? The Austrian edifice, including Hayek, is based on Marx and his immediate followers (though they tried

Re: the labor theory of value (Brad's thread)

2000-09-25 Thread Jim Devine
I wrote: >>Under simple commodity production (where there is neither wage-labor nor >>surplus-value), the deviations between prices and values are _accidental_ >>(a disequilibrium phenomenon). Brad opines: >They are not a disequilibrium phenomenon. Scarce resource-based products >*continue* to

Re: the labor theory of value

2000-09-25 Thread JKSCHW
In a message dated 9/25/00 4:11:17 PM Eastern Daylight Time, [EMAIL PROTECTED] writes: << CB: But "value" and "exchange-value" are not quite exactly the same thing ? >> This has probably been answered, but no. Value is socially necessay abstract labor time embodied in the commodity. Exchange

RE: Re: RE: Re: Re: the labor theory of value

2000-09-25 Thread Lisa & Ian Murray
> > If a reproducible commodity ain't scarce, it has no value. We can > make oxygen out of water and electricity, but no one would say that > the cost of air is determined by its cost of reproduction... > > Brad DeLong === So math has no value? Ian

Re: Re: the labor theory of value

2000-09-25 Thread Michael Perelman
Brad, I think that there is some similarity between Hayek (Don't tell Justin) and this part of Marx's theory. Hayek, you suggest, came to the right conclusion without the labor theory of value. So what? I might propose a biblical explanation for why a rock falls to the ground.

Re: Re: RE: Re: Re: the labor theory of value

2000-09-25 Thread michael
Of course, the cost of reproduction must be the least cost option. Oxygen is a by product of growing plants. The technology Brad proposes is not very cost-efficient. > > If a reproducible commodity ain't scarce, it has no value. We can > make oxygen out of water and electricity, but no one wo

Re: Re: Re: the labor theory of value (Brad's thread)

2000-09-25 Thread Michael Perelman
These two statements are not mutually contradictory. Brad DeLong wrote: > > > >Under simple commodity production (where there is neither wage-labor > >nor surplus-value), the deviations between prices and values are > >_accidental_ (a disequilibrium phenomenon). > > They are not a disequilibrium

Re: Re: the labor theory of value (Brad's thread)

2000-09-25 Thread Brad DeLong
> >Under simple commodity production (where there is neither wage-labor >nor surplus-value), the deviations between prices and values are >_accidental_ (a disequilibrium phenomenon). They are not a disequilibrium phenomenon. Scarce resource-based products *continue* to have prices in excess of

Re: RE: Re: Re: the labor theory of value

2000-09-25 Thread Brad DeLong
>Brad, read the first two pages of Ricardo's _Principles_. A major >mistake of the >economics profession was in developing the theory of value for >commodities that >derive their value from scarcity, in other words, for exceptional >cases, instead >of focusing on the general case, *reproducible

Re: the labor theory of value

2000-09-25 Thread Brad DeLong
>The labor theory of value does not have to be very mysterious. In a >sense, at least one part of Marx's theory can be read something like >this: in order for a market economy to function "properly," prices must >bear some relationship to the underlying values. Pric

Re: the labor theory of value (Brad's thread)

2000-09-25 Thread Jim Devine
Doug asked:>>>Wasn't Marx himself critical of the notion that only labor creates value? I recall something about nature being a partner in the enterprise.<<< I said: >>for Marx, labor and nature both create use-values, whereas only labor creates value.<< Brad DeLong, who has finally broken d

Re: the labor theory of value

2000-09-25 Thread Carrol Cox
Doug Henwood wrote: > > > Wasn't Marx himself critical of the notion that only labor creates > value? I recall something about nature being a partner in the > enterprise. Probably someone else has already responded to this more accurately than I can -- I'm still struggling with nearly a thousa

Re: Re: Re: the labor theory of value

2000-09-25 Thread Michael Perelman
What Brad writes is perfectly consistent with Marx's labor theory of value [with one exception], although numerous comentators pretend to have discovered some glaring defect. The exception is that things can have exchange value even if they are not scarce -- I will leave out all the asterisks. C

RE: Re: Re: the labor theory of value

2000-09-25 Thread Forstater, Mathew
Brad, read the first two pages of Ricardo's _Principles_. A major mistake of the economics profession was in developing the theory of value for commodities that derive their value from scarcity, in other words, for exceptional cases, instead of focusing on the general case, *reproducible commoditi

Re: Re: the labor theory of value

2000-09-25 Thread Brad De Long
>At 02:59 PM 9/25/00 -0400, you wrote: >> >Wasn't Marx himself critical of the notion that only labor creates >>>value? I recall something about nature being a partner in the >>>enterprise. > >for Marx, labor and nature both create use-values, whereas only >labor creates value. But use values h

RE: Re: the labor theory of value

2000-09-25 Thread Lisa & Ian Murray
But Marx does not explicitly equate use-values with wealth in his opening rebuttal sentence. Value, use-value and wealth are confused and entangled in his retort. Is the source of use-values itself a use-value, a value or wealth? Doug's query from a while back hits the last sentence below quite ha

Re: RE: Re: Re: Re: Re: the labor theory of value

2000-09-25 Thread Doug Henwood
Forstater, Mathew wrote: >"Natural elements entering as agents into production, and which cost >nothing, no >matter what role they play in production, do not enter as components >of capital, >but as a free gifts of Nature to capital, that is, as a free gift of Nature's >productive power to labo

the labor theory of value

2000-09-25 Thread Charles Brown
>>> [EMAIL PROTECTED] 09/25/00 04:01PM >>> At 02:59 PM 9/25/00 -0400, you wrote: > >Wasn't Marx himself critical of the notion that only labor creates > >value? I recall something about nature being a partner in the > >enterprise. for Marx, labor and nature both create use-values, whereas only

Re: the labor theory of value

2000-09-25 Thread Jim Devine
At 02:59 PM 9/25/00 -0400, you wrote: > >Wasn't Marx himself critical of the notion that only labor creates > >value? I recall something about nature being a partner in the > >enterprise. for Marx, labor and nature both create use-values, whereas only labor creates value. Use-values refer to the

the labor theory of value

2000-09-25 Thread Charles Brown
>>> [EMAIL PROTECTED] 09/25/00 02:56PM >>> Wasn't Marx himself critical of the notion that only labor creates value? I recall something about nature being a partner in the enterprise. ((( CB: In the terms of _Capital_ human labor is the source of all exchange-value. Use-value comes

Re: Re: Re: Re: Re: the labor theory of value

2000-09-25 Thread JKSCHW
No, you are thinking about the passage at the start of the Critique of the Gotha Program where Marx attacks the idea that labor creates all wealth, not value. For MArx, value is by definition embodied labor. --jks In a message dated Mon, 25 Sep 2000 2:57:38 PM Eastern Daylight Time, Doug Henwo

RE: Re: Re: Re: Re: the labor theory of value

2000-09-25 Thread Forstater, Mathew
Vol. 3, p. 745 (International edition) -Original Message- From: Doug Henwood [mailto:[EMAIL PROTECTED]] Sent: Monday, September 25, 2000 1:56 PM To: [EMAIL PROTECTED] Subject: [PEN-L:2244] Re: Re: Re: Re: the labor theory of value [EMAIL PROTECTED] wrote: >In a message dated 9/23/00 8:44:06 A

RE: Re: Re: The labor theory of value

2000-09-25 Thread Forstater, Mathew
Don't forget, Marx considered circus performance to be productive labor. Louis Proyect wrote: >Now wait just a gosh-darned minute. I regarded [being called a clown] a compliment.

Re: Re: Re: Re: Re: the labor theory of value

2000-09-25 Thread Louis Proyect
>Wasn't Marx himself critical of the notion that only labor creates >value? I recall something about nature being a partner in the >enterprise. > >Doug I stand corrected. However, I was referring to billionaire entrepreneurs who after the revolution really need to be exiled to Catalina or some

Re: Re: Re: Re: the labor theory of value

2000-09-25 Thread Doug Henwood
[EMAIL PROTECTED] wrote: >In a message dated 9/23/00 8:44:06 AM Eastern Daylight Time, [EMAIL PROTECTED] >writes: > ><< The only other relevant question is whether labor creates value. For those > who think not, they do not belong on PEN-L, but that's just my opinion. > > Louis Proyect >> > >Lo

Re: Re: The labor theory of value

2000-09-25 Thread Louis Proyect
Michael wrote: >Fabian, you are perfectly welcome to unsub. Just send a message to [EMAIL PROTECTED] >unsub pen-l. > >I would rather that you stay and try to dialogue in a more amicable fashion. Carrol was wrong to have written the way he did. I responded earlier regarding that post, but callin

Re: The labor theory of value

2000-09-25 Thread Michael Perelman
Fabian, you are perfectly welcome to unsub. Just send a message to [EMAIL PROTECTED] unsub pen-l. I would rather that you stay and try to dialogue in a more amicable fashion. Carrol was wrong to have written the way he did. I responded earlier regarding that post, but calling people clowns

Re: the labor theory of value

2000-09-24 Thread Jim Devine
I wrote: > >BTW, you should know that (at least in e-mails), your style of writing > conveys a heavy air of dogmatism. (That's why, I would guess, that Louis > Proyect's response to you was so flippant.) It's not a good idea to enter > an e-mail discussion with people you don't know and haven't

Re: Re: Re: Re: Re: Re: the labor theory of value

2000-09-24 Thread Michael Perelman
Fabian Balardini wrote: > > I put this thread on a bad track? How, by saying that after reviewing the >debate on value theory at OPE-L and studying the TSS propositions for almost two >years I have reached the conclusion that TSS opponents are irrational and dishonest? yes, but the abov

Re: Re: Re: Re: Re: the labor theory of value

2000-09-24 Thread Fabian Balardini
On Sat, 23 Sep 2000 19:40:03 Michael Perelman wrote: >Fabian put this thread on a bad track. The labor theory of value does seem to >raise passions. I thought that Jim's response to him was measured. I put this thread on a bad track? How, by saying that after reviewing the

Re: the labor theory of value

2000-09-24 Thread Timework Web
In a message dated 9/23/00 8:44:06 AM Eastern Daylight Time, [EMAIL PROTECTED] writes: << The only other relevant question is whether labor creates value. For those who think not, they do not belong on PEN-L, but that's just my opinion. One other relevant question concerns the "value of value"

Re: Re: Re: Re: Re: Re: Re: the labor theory of value

2000-09-24 Thread Fabian Balardini
On Sat, 23 Sep 2000 16:11:03 Jim Devine wrote: >BTW, you should know that (at least in e-mails), your style of writing >conveys a heavy air of dogmatism. (That's why, I would guess, that Louis >Proyect's response to you was so flippant.) It's not a good idea to enter >an e-mail discussion

Re: Re: Re: Re: the labor theory of value

2000-09-23 Thread Michael Perelman
Justin wrote: > << The only other relevant question is whether labor creates value. For those > who think not, they do not belong on PEN-L, but that's just my opinion. > > Louis Proyect >> Fabian put this thread on a bad track. The labor theory of value do

Re: Re: Re: the labor theory of value

2000-09-23 Thread JKSCHW
In a message dated 9/23/00 8:44:06 AM Eastern Daylight Time, [EMAIL PROTECTED] writes: << The only other relevant question is whether labor creates value. For those who think not, they do not belong on PEN-L, but that's just my opinion. Louis Proyect >> Lou loves to draw demarcation lines a

Re: Re: Re: Re: Re: Re: the labor theory of value

2000-09-23 Thread Jim Devine
I wrote that instead of the TSS being rejected because (d) its opponents don't understand it or (e) its opponents were ideological, as Fabian asserted, > the TSS could be (a) logically wrong; (b) spinning models that don't fit empirical reality; or (c) leaving out important components of capi

Re: Re: Re: Re: Re: the labor theory of value

2000-09-23 Thread Fabian Balardini
>At 11:48 AM 09/23/2000 -0400, Jim Devine wrote: >alternatively, the TSS could be (a) logically wrong; (b) spinning models >that don't fit empirical reality; or (c) leaving out important components >of capitalist reality. I, for one, don't know enough about the TSS to >conclude that all of its

Re: Re: Re: Re: the labor theory of value

2000-09-23 Thread Jim Devine
At 11:48 AM 09/23/2000 -0400, you wrote: >I don't think you understand the critique by Kliman,McGlone and other TSS >authors. Their work is not a defense of "orthodox Marxist value theory" >but a radical break with it. In fact, I see their critique to be so >destructive of what we know as Mar

Re: Re: the labor theory of value

2000-09-23 Thread Louis Proyect
Fabian: I don't think you understand the critique by Kliman,McGlone and other TSS authors. LP: Correct. Fabian: I see their main point as saying that the Marxist orthodoxy has adopted a concept of value different from Marx's starting with Bortkiewicks first formalization of the transformation pr

Re: Re: Re: the labor theory of value

2000-09-23 Thread Fabian Balardini
-- On Sat, 23 Sep 2000 08:38:45 Louis Proyect wrote: >The latest Science and Society has an interesting article (Rhetoric and >Substance in Value Theory: An Appraisal of the New Orthodox Marxism) by >editor Dave Laibman. It is a response to one written by Andrew Kliman and >Ted McGlone titled

Re: Re: Re: the labor theory of value

2000-09-23 Thread Jim Devine
Louis wrote: >I doubt if this "transformation problem" will ever go away if it is posed >in terms of a correct mathematical paradigm. Right. Most of the literature wallows around in math that conceals more than it reveals. Many authors actively eschew philosophical reflection about what they'r

Re: Re: the labor theory of value

2000-09-23 Thread Louis Proyect
>Do you find this an impossible task? or should we give up mathematical formalization altogether and go back to verbal dialectics? > > >Fabian The latest Science and Society has an interesting article (Rhetoric and Substance in Value Theory: An Appraisal of the New Orthodox Marxism) by editor Dav

Re: the labor theory of value

2000-09-23 Thread Fabian Balardini
On Fri, 22 Sep 2000 15:32:08 Michael Perelman wrote: >The algebraic theories of the transformation problem don't make sense >because they cannot account for the flow values from fixed durable >capital goods. > Correct me if I am wrong, but it is my impression that so far (100+ years) the al

Re: the labor theory of value

2000-09-22 Thread Patrick Bond
> From: Michael Perelman <[EMAIL PROTECTED]> > The labor theory of value does not have to be very mysterious. In a > sense, at least one part of Marx's theory can be read something like > this: in order for a market economy to function "properly," prices

the labor theory of value

2000-09-22 Thread Michael Perelman
The labor theory of value does not have to be very mysterious. In a sense, at least one part of Marx's theory can be read something like this: in order for a market economy to function "properly," prices must bear some relationship to the underlying values. Prices don't eq

[PEN-L:12900] Business Week confirms the labor theory of value

1999-10-24 Thread michael perelman
Berman, Dennis. 1999. “What's a Worker Worth?” Business Week (11 October): p. F 4. “What's the true measure of Man? Before you wax philosophical, glean some practical wisdom from Jac Fitz-enz. His company, Saratoga Institute, devises systems for measuring human capital -- in other words, how muc

[PEN-L:8957] Re: Kant and the labor theory of value

1999-07-07 Thread Ricardo Duchesne
aka Dorman: Even the Frakfurt School's criticism of pragmatism seems wanting after Rorty, so I am not going to take issue with your own (pragmatic) approach to ethics - even if I still think that Kant's ethical philosophy was a theoretical breakthrough. Only want to remind you that Jeffrey R

[PEN-L:8966] Re: Re: Kant and the labor theory of value

1999-07-07 Thread William S. Lear
On Wednesday, July 7, 1999 at 11:44:29 (-0700) Peter Dorman writes: > My own view is that reward for >contribution may be pragmatically justified but is difficult to defend >as a principal basis for deciding what is "fair". This is because most >of the determinants

[PEN-L:8961] Re: Re: Kant and the labor theory of value

1999-07-07 Thread Peter Dorman
Roemer models the economy as a system of exchanges, which is the criterion I suggested earlier for defining neoclassical economics. From that perspective (and assuming single exchange equilibria) one can criticize only the distribution of initial endowments, as he has done. (His political econom