[OPE-L:5639] the infinite regression critique

["Gerald_A_Levy" <Gerald_A_Levy@xxxxxxxxxxxxx>]

Title: Re: [OPE-L:5636] Re: Re: Re: Howards [5578] Peculiarit

Re Rakesh's 5637-38:

 

>>> (From 5637):

I think Ajit is saying that  Hegelian (sic) value theory has no answer to Joan Robinson's challenge (dubbed the infinite regression critique by Carchedi):

"the constant capital was produced in the past by labour time working with then pre-existing constant capital and so on, ad infinitum backwards. It therefore cannot be reduced simply to a number of labour hours that can be added to the net value of the current year. And there is no advantage in doing so." quoted in Carchedi, 1990, p. 96.<<<

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Do you (and others) agree (or disagree) with

Mino's answer  (and counter-challenge)  to "the

infinite regression critique" advanced by Robinson?

Why (or why not)?

 

What other answers have been offered in the

literature to the "infinite regression critique"?

 

In solidarity, Jerry

 

Reference: Guglielmo (Mino) Carchedi _Frontiers

of Political Economy_, London, Verso, 1991