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Re: Jonathan Nitzan on "Against The Grain"



But the hour was wide ranging, while thoroughly coherent.  Nitzan makes
a full frontal assault on the labor theory of value.

Nothing here that has not been stated in the past. Mostly revolves around alleged inadequacies in hardwiring the price of a commodity to the amount of labor that goes into it. This all goes back to Eugen von Böhm-Bawerk. What you get from Nitzan and Bichler is new packaging, including ideological nods to Cornelius Castoriadas. In the concluding paragraph of their 68 page paper, they state that the USA is not a capitalist empire. Gosh, that's a relief. Now I can go back to writing a coming of age novel set in the 1950s Borscht Belt.






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