Summers dictates

Michael Hoover HooverM at scc-fl.edu
Thu Jun 6 08:10:31 PDT 2002



>>> dhenwood at panix.com 06/05/02 07:02PM >>>
And while we're at it, can we lock the value theorists in another room and tell them they can't come out until they've solved the transformation problem? Since they never will - as soon as one comes up with an answer, the rest would tear it apart, accusing the proposer of innumeracy and heresy - we'd never have to hear from them again! Doug <<<>>>

come now, above appears to suggest that tp has no relevance/ significance for class struggle, existing only in ether of formal/academic logic... failure/inability/refusal to consider tp in context of production/exchange/distribution complexity is indicative of particular view of class conflict...

neo-ricardians maintain tp isn't problem at all, of course, their focus on exchange results in understanding class relations in terms of struggle over wages/profits rather than understanding exchange contradictions in terms of those initiating from/ inherent to production... one's abandonment of value theory is tantamount to abandonment of marx's method (of course, that may not be a problem for some)...

michael hoover (who, after long ago reading steedman's work showing how length of working day can be examined via profit maximization lens rather than surplus value, said to himself, 'yep, one can do such analysis on bourgeois terms')



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