> James Baird wrote:
>
> > has there ever been a serious attempt to refute
> > Marxian economics by a "mainstream" economist?
>
> Certainly not a serious attempt. A few, such as Michio Morishima, have
> attempted to show how Marx can be recast into mathematical formulae and thus
> appear to be respectable. Paul Samuelson has attempted to refute Marx, but
> in a clumsy and not very effective way. You just set up a straw man and
> knock it down.
>
> Mostly the refutations consist of denying the labor theory of value by
> asserting that capital is productive. Probably the most serious efforts
> came from the Austrian school, Bohm Bawerk and Hayek.
What about the reverse?
Saffra's work on reswitching & its implications?
I had the impression this left the LTV looking much better than the neo-classical alternative.
With all the economists on this list, maybe I can finally get enlightened on this.
-- Paul Rosenberg Reason and Democracy rad at gte.net
"Let's put the information BACK into the information age!"