Date: Mon, 2 Jun 1997 12:23:45 -0800
From: djones-AT-uclink.berkeley.edu (rakesh bhandari)
Subject: Re: M-TH: The Illusion of State Socialism


Doug wrote:

>Oh right, I forgot to ask. Since you didn't answer my question on what
>insights value theory has provided to explain the course of capitalism over
>the last 50-100 years that bourgeois stats haven't, I'll assume that you
>can't come up with an example.

One could consult Murray E.G. Smith's chapter "Respecifying Marx's Value
Categories: An Empirical Study of the Falling Rate of Profit" in his
Invisible Leviathan: The Marxist Critique of Market Despotism beyond
Postmodernism (University of Toronto Press, 1994).

Rakesh




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