On Jul 21, 2010, at 4:04 PM, Julio Huato wrote:
> ...But I can say with absoluteconfidence that, as a thinker, as a
> critic of political economy, Marxwas *deeply* interested in
> understanding prices and their changes.
>
Perhaps. But, nonetheless, isn't it the case that all the significant
theorizing about monopoly and oligopoly pricing (even Sweezy's "kinked
demand curve") has taken place on an entirely Marshallian basis? And
where is Marx's theory of secular change (inflation/deflation) in the
price level? Isn't it rather the case that Marx's deep interest was
not in prices at all, but rather in the laws of motion of the
capitalist mode of production and most especially in the "Law of the
Falling Tendency of the Rate of Profit" and its effects?"
>
> In addition: Should we be interested in price dynamics? Does our
> struggle benefit from a sharper understanding of price dynamics?
Of course we should--within the context of those laws of motion and their concrete *present* manifestations.
Shane Mage
"All things are an equal exchange for fire and fire for all things, as goods are for gold and gold for goods."
Herakleitos of Ephesos, fr, 90