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Re: Re: : Value talk






From: Rakesh Bhandari <rakeshb@xxxxxxxxxxxx>
Reply-To: pen-l@xxxxxxxxxxxxxxxxxxx
To: pen-l@xxxxxxxxxxxxxxxxxxx
Subject: [PEN-L:22469] Re: : Value talk
Date: Wed, 6 Feb 2002 09:46:46 -0800

Justin writes:

. Or (2) (as Rakesh suggests) there is athe moral deprecaition line,
the idea that value explains crisis.


Crisis is  explained on the basis of the law of value, not by
reference to moral depreciation at all. In fact I did not suggest
that moral depreciation explains crisis at all. I underlined that it
helped to explain why machinery has not seemed to fufill its task of
reducing the torment of labor. You simply are not reading carefully.
And you haven't yet proposed an alternative set of concepts by which
to understand moral depreciation.

No doubt I am careless and illiterate, also lazy and stupid. I do see how moral depreciation offers a theory of crisis. I don't seewhat value talk adds to it.




As I have shown here by restating the argument without reference to
value, and as Brenner has shown in greater length, value does no
work in this story.

Have you followed any of the criticism of Brenner's theory?

No. I have a full time nonacademic job and a family. Value theory, and indeed crisis theory, is a distinct sideline interest for me. I'd rather think about legal positivism, democracy, or, closer to home, judicial admissions under a 12(b)96) motion to dismiss. There may be problems with Brenner's view, and it no doubt doesn't explain everything. same with many views of Marx or anyone else. Still, I think it is basically right. As I say,I'm lazy and illiterate and careless when I do read, so I'm going to go on thinking that until something large hits me on the head. Fortunately, you are here to keep the rest of the world on track.

jks




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