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Andrew B, I think Marx's critique of the classical labor theory of value is based on Aristotle's idea that a failure to distinguish among kinds of causes leads to confusion. So you may want to designate a statue's matter as bronze or generically as metal but in that case (unless you are specifically concerned with some feature of the statue has in virtue of simply being metallic) your designation will be explanatorily misleading. So I think Marx is saying that to determine the commodity's value in terms of its labor matter is explanatorily misleading because it is not in virtue of its (labor) matter that commodities are puzzling. This is essentiallly Marx's value FORM critique of Ricardo, I think. The mysteries do not derive from matter at all but from the imposition of the commodity form on the appropriate substance. Yours, Rakesh
- [OPE-L:3481] Re: Re: "Debunking Economics" and Marx's value theory, Steve Keen Sun 11 Jun 2000, 12:52 GMT
- [OPE-L:3478] Re: RE: OPE-L:[3432] Re: "Debunking Economics" and Marx's value theory, Steve Keen Sun 11 Jun 2000, 10:00 GMT
- [OPE-L:3479] Re: "Debunking Economics" and Marx's value theory, Paul Zarembka Sun 11 Jun 2000, 12:16 GMT
- [OPE-L:3477] RE: OPE-L:[3432] Re: "Debunking Economics" and Marx's value theory, Steve Keen Sun 11 Jun 2000, 07:22 GMT
- [OPE-L:3476] Re: Re: measurement of value, Rakesh Bhandari Sat 10 Jun 2000, 20:51 GMT
- [OPE-L:3475] Re: Re: measurement of value, Rakesh Bhandari Sat 10 Jun 2000, 16:27 GMT
- [OPE-L:3474] Re: Re: Re: further replies to Gil, Gil Skillman Fri 09 Jun 2000, 19:24 GMT
- [OPE-L:3471] Re: Re: measurement of value and shadow prices, Rakesh Bhandari Fri 09 Jun 2000, 14:47 GMT
- [OPE-L:3470] Re: Re: Re: Re: Re: measurement of value, Rakesh Bhandari Fri 09 Jun 2000, 14:47 GMT