File spoon-archives/marxism.archive/marxism_1995/95-01-31.000, message 255


Subject: Re: The mistakes of individual Marxists 
Date: Tue, 31 Jan 95 09:47:38 +0000
From: wpc-AT-cs.strath.ac.uk


>> 
>> This simply doesn't obtain in Marxism. The Labor Theory of Value is 
> not something like Newtonian physics that's been superceded by 
>> Sraffian economics.

>I'm not a Sraffian, but are you saying that nothing could count against
>Marx's value theory and in favor of Sraffa's or someone else's? What, is
>it a matter of religious faith? Marx at least thought it was a scientific
>advance.

This is something that is eminently testable by observation. As far as
I am aware most of the published papers dealing with empirical observations
of prices and values tend to show that either labour values give a 
better predictor of prices than the Sraffian theory, or that there
is no empirically significant distinction between their predictions.
This tends to support Louis's claim that the Sraffian critique is a
matter of formalisms with no substance in the real world.

     ------------------

   

Driftline Main Page

 

Display software: ArchTracker © Malgosia Askanas, 2000-2005