-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org] On Behalf Of Luke Pretz Sent: Tuesday, April 29, 2014 12:00 PM To: lbo-talk at lbo-talk.org Subject: Re: [lbo-talk] Joan Robin's "Economic Philosophy", and Karl Popper
Use value and exchange value and abstract labor totally exists before capitalism. However, production of commodities for their exchange value was not dominant until capitalism.
Also, LTV and circuits of capital do explain the accumulation of capital and wealth a la m-c-c'-m'.
Solidarity,
Luke
On Apr 29, 2014, at 12:34 PM, Carrol Cox <cbcox at ilstu.edu> wrote:
> 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)
>
> --
> Wobbly times
> http://wobblytimes.blogspot.com.au/
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