Marx and Productivity

Sam Pawlett rsp at uniserve.com
Wed Jun 30 16:39:16 PDT 1999


Seth Ackerman wrote:
>
> But what is the question that these technical issues are trying to answer?
> Whether capital is productive?

Yes,if i understand it, that was the main locus of contention.

Whether neo-classical value theory is wrong?
> If it is, wouldn't that leave the door open to exploitation? And where did
> the debate end on those questions?

The Cambridge school won the debate but have so far have been losing the war. There is a good, short and readable book called *Controversies in the Cambridge Capital Debate* by G.C. Harnoncourt which summarizes the debate (someone correct me if I have the title or author wrong) The essays of Joan Robinson (6?vols) are economic and literary classics.

Sam Pawlett



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