[lbo-talk] Marxology (was "Why Marx is Right and Engels is Wrong", and once upon a time an interesting discussion about non-commodity-producing work)

Doug Henwood dhenwood at panix.com
Sat Jul 17 10:05:02 PDT 2010


On Jul 17, 2010, at 8:39 AM, Mike Beggs wrote:


> On second thought, though, I would maybe say that what really makes
> vulgar supply-and-demand analysis vulgar, more than the lack of a
> conception of schedules, is a failure to fully consider the reactions
> to disequilibrium of supply and demand, in other words a failure to
> understand what adjusts in tendencies towards equilibrium.

As I recall, Joan Robinson had some pungent things to say about how "equilibrium" was a vulgar way of writing history out of the picture.

Doug



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