[lbo-talk] Joan Robin's "Economic Philosophy", and Karl Popper

[Carrol Cox]

It can't be that simple, since "wealth" was continuously produced for
thousands of years before capitalist relations of production emerged.
Abstract labor and "value" are unique to capitalism. Wealth (including a
surplus) is NOT unique to capitalism. The LTV does _not_ explain wealth; it
explains _value_, which does not exist prior to capitalism.

Carrol

-----Original Message-----
From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
On Behalf Of Mike Ballard
Sent: Tuesday, April 29, 2014 9:58 AM
To: lbo-talk
Subject: Re: [lbo-talk] Joan Robin's "Economic Philosophy", and Karl Popper

JF writes: "This BTW seems also to have been the reason why Joan Robinson
abjured the label of Marxist, even though she greatly admired Marx. For her
to be a Marxist required accepting the labor theory of value and dialectical
materialism. As a good English empiricist she rejected both as metaphysics."

If socially necessary labour time ceased being applied to the production of
goods and services, no wealth would be produced. That's always swayed me
toward the labour theory of value.

Mike B)

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