LOV and LTV

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

 LOV and LTV
by Devine, James
05 February 2002 04:42 UTC


Marx uses the word "law" differently than Justin does. Marx's "laws" are
dialectical, non-deterministic. But many interpret his ideas in Justin's
terms, "proving" that Marx was a determinist.

BTW, the "laws" of supply & demand are also non-determinist. S&D cannot give
specific answers to anything in the abstract. Rather, they have to be given
empirical content. S&D might best be seen as a (an?) heuristic, acting as a
guide to thought. Of course, Marx's value theory -- or law of value -- is
also a heuristic.

JDevine

^^^^^^^^^

CB: Can we get into a little more what a heuristic is ?  Seems to be a sort of ok device for guiding scientific enquire, but sort of not a fulfledged ...what ? Theoretical concept ?   What is the term for other types of ideas ( that are more than heuristic ) that are used in scientific or economic theories ? "Heuristic devices" seem to be tools used in a scientific or knowledge process, but not the ultimate theoretical concepts.

Main Entry: 1heu·ris·tic
Pronunciation: hyu-'ris-tik
Function: adjective
Etymology: German heuristisch, from New Latin heuristicus, from Greek heuriskein to discover; akin to Old Irish fo-fúair he found
Date: 1821
: involving or serving as an aid to learning, discovery, or problem-solving by experimental and especially trial-and-error methods <heuristic techniques> <a heuristic assumption>; also : of or relating to exploratory problem-solving techniques that utilize self-educating techniques (as the evaluation of feedback) to improve performance <a heuristic computer program>