[lbo-talk] Marx on profit

bhandari at berkeley.edu bhandari at berkeley.edu
Mon Nov 26 14:22:06 PST 2007


"What is the point of a "theory of the historical limits" of capitalism that doesn't accord with the actual historical record of capitalism?

Even Kliman says he makes no claim that his TSSI interpretation is actually a correct description of the world, only that it's internally consistent."

Why has not capital accumulation taken off despite the beat back of labor? Marx's theory provides one answer. A bit unfair to Kliman in the above as well. TSSI claims to free Marx of logical error; that does not mean Kliman thinks it's a sufficient vindication of Marx. He has to be defended on empirical grounds as well. He and his coauthors do that too in fairly positivistic ways but that's not what TSSI is meant to do. Rakesh



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