[lbo-talk] The German Debate on the Monetary Theory of Value

Angelus Novus fuerdenkommunismus at yahoo.com
Tue Dec 27 09:07:15 PST 2011


Charles:


> Do u agree that the passage from Marx I sent is Marx speaking
on the issue u r debating ?

Sure, but I don't see that it contradicts my interpretation of Marx, which you obviously seem to think.  That's why I said that if you and I disagree on the meaning of Marx's words, it would be helpful to me if you would include some of your own commentary or explanation, rather than just cutting and pasting passages.

BTW, on the side issue of the necessity of a physical money commodity, there are differences of opinion between supporters of the monetary interpretation of Marx's value theory.  I don't really have a strong opinion either way, as the "physical money commodity" debate isn't of much interest of me, as ever since the end of the Bretton Woods system, we've been living de facto without a money commodity, which is good enough for me in terms of settlign the debate.



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