IMPORTANT: If you cite this message, OPE-L policy requires you not to reveal the identity of the author.
You may cite this message only if you do not disclose who wrote it.
>There is nothing in Marx's theory that would preclude one class of >defrauding another, or one class (or other social group) using violence to >obtain surplus value from another class (or social group). Indeed, in >chapter one Marx doesn't argue that commodities must exchange at labor >values. Rather, the power of Marx's analysis is that even if there is no >fraud, or physical violence, or commodities exchanging at a different ratio >than their value, the labor/labor-power distinction allows for the creation >of surplus value and the exploitation of workers. > >All of the other stuff can be brought in at later, more concrete stages of >development of the analysis. Hi, Patrick--Yes, of course no "fraud" is necessary. That's why I put the term in quotes, and that's the second reason why that passage in Ch. 5: "The capitalist class cannot defraud itself" is an utter non sequitur. And demonstration that surplus value can arise given that commodities exchange at their respective values is "powerful" only to the extent that there something economically significant about the case of price-value equivalence. There isn't. To the contrary, to pose the question in this way is to lead attention away from the real basis of capitalist exploitation, and from the role that capitalist production plays in that basis. I agree with you about chapter one, though--tell that to Fred. Gil
- [OPE-L:3433] Re: Re: Re: Re: Re: Re: Re: Re: objectivity of value, Rakesh Bhandari Sun 04 Jun 2000, 22:51 GMT
- [OPE-L:3432] Re: "Debunking Economics" and Marx's value theory, Steve Keen Sun 04 Jun 2000, 17:34 GMT
- [OPE-L:3425] Re: Re: Gil's criticisms, JERRY LEVY Fri 02 Jun 2000, 16:42 GMT
- [OPE-L:3426] Re: Re: Re: Gil's criticisms, Patrick L. Mason Fri 02 Jun 2000, 17:56 GMT
- [OPE-L:3427] Re: Re: Re: Re: Gil's criticisms, Gil Skillman Fri 02 Jun 2000, 18:23 GMT
- [OPE-L:3424] Re: Re: objectivity of value, JERRY LEVY Fri 02 Jun 2000, 16:34 GMT
- [OPE-L:3422] objectivity of value, Rakesh Bhandari Fri 02 Jun 2000, 15:34 GMT
- [OPE-L:3436] Re: objectivity of value, Paul Cockshott Mon 05 Jun 2000, 12:11 GMT
- [OPE-L:3421] objectivity of value, Rakesh Bhandari Fri 02 Jun 2000, 15:31 GMT