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.
Rakesh asked:Which aspects of equilibrium does Marx accept, if any? We of course need clarity here.I am not totally sure about all of it, to be honest.Marx accepts among other things:- that supply and monetarily effective demand will adjust to each other- that specific proportions between different sectors of production are required for balanced growth- that market prices for new output (and possibly values) gravitate towards prices of productionBut none of this need logically imply any concept of equilibrium.The central bourgeois-ideological notion is that the free operation of the market creates equilibrium in the sense of social stability.Market forces tend spontaneously towards equilibrium, and therefore spontaneously promote social stability.Jurriaan
- Re: [OPE-L] Non equilibrium, (continued)
- Re: [OPE-L] Non equilibrium, Jerry Levy Sun 22 Apr 2007, 12:20 GMT
- [OPE-L] statistical and mechanical equilibrium, Jurriaan Bendien Fri 20 Apr 2007, 17:34 GMT
- Re: [OPE-L] statistical and mechanical equilibrium, Rakesh Bhandari Fri 20 Apr 2007, 22:49 GMT
- Re: [OPE-L] statistical mechanical equilibrium, Paul Cockshott Sun 22 Apr 2007, 21:28 GMT
- <Possible follow-up(s)>
- [OPE-L] statistical and mechanical equilibrium, Jurriaan Bendien Mon 23 Apr 2007, 18:33 GMT
- [OPE-L] CFP: How Class Works - 2008 Conference, glevy Fri 20 Apr 2007, 11:23 GMT
- [OPE-L] Addendum - Non equilibrium & Austrians, Alejandro Agafonow Fri 20 Apr 2007, 08:37 GMT
- [OPE-L] Non equilibrium & Austrians, Alejandro Agafonow Fri 20 Apr 2007, 08:15 GMT
- Re: [OPE-L] Non equilibrium & Austrians, Paul Cockshott Fri 20 Apr 2007, 12:03 GMT