Re: US Consumer Confidence indexsurges

[Louis Proyect <lnp3@xxxxxxxxx>]

>CB: Anyway, following Marx on the law of the tendency of the rate of
profit to fall does not entail agreeing that there is a "transformation
problem" with Marx's theory, does it ?
>

Although I have big problems with Brenner's thesis on the origins of
capitalism, I'd have to say that his general methodological approach on the
recent economic crisis is attractive in its tendency to stay away from all
that arcane business about the transformation problem, etc. I believe
that's one of the reasons he pissed off so many value theorists, leaving
aside questions of substance as to whether the crisis was related to
international competition or working class gains at the expense of the
bourgeoisie, was that he did not genuflect before Okishoki et al.

Louis Proyect
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