Date: Wed, 3 Aug 1994 08:03:11 -0400 (EDT) From: Philip Goldstein <pgold-AT-strauss.udel.edu> Subject: Re: LTV: An encore Paul Cockshott wrote: If the labour theory of value is rejected, then the entirely of the classical and marxist objective approach to political economy falls in favour of a subjectivist approach. If the feasibilty of socialist economic calculation, a very closely related topic, is rejected, then there can be no coherent socialist politics. The issues at stake here are central to the struggle between socialism and capitalism. I find these claims highly inflated. Are we really to imagine masses of people demonstrating in support of the labor theory of value? When a people's movement comes to power, should it demand that the goverment affirm the labour theory of value? What good would that demand do? I know that I sound very cynical, sorry; still, this defense of a labour theory of value sounds like the scientific Marxists wanting to define a socialist movement in their own terms, in advance, in keeping with their "objective" truths. How democratic is this "objective" approach? ------------------
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