Value- Bohm-Bawerk

[Chris Burford <cburford@xxxxxxxxxx>]

Thanks Steve for including the comments by Schumpeter

>>>>>>>>>>>>>>>
 Schumpeter commented on
Bohm-Bawerk that his was "an advocate's mind. He was unable to
see anything but the letter of the opponent's argument and never
seems to have asked himself whether the offending letter did not
cover some element of the truth." Schumpeter 1954, p. 847, note
10).
<<<<<<<<<<<<

I appreciate you were posting a careful reference piece. I would
still like to comment that there is in B-B's critique a complete
failure to understand an overarching intuition that the environment
has riches used by humans and that humans cooperate in all sorts of
ways to reproduce themselves. In the subset of societies where commodities
are produced for exchange, exchange value is the process by which that
human cooperation is equilibrated through the society  and the relative
expenditure of labour time on the different culturally determined wants,
is mediated. (Rye or wheat, brown bread or white, sunday prayer book, or
Hawaian holiday)

Presumably B-B and followers see the fluctuations of prices and the
shifts in cultural habits as completely independent phenomena.

I generally like Jerry's recent formulations becaus although I cannot judge
whether they summarise Marx's criticisms of his critics, I think
Jerry's emphasis on the qualitative use-value aspect of marxian economics
points the bridge to cultural, social and psychological connections.


Chris B.


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