Date: Sat, 14 Jan 1995 11:01:57 -0500 (EST) From: Richard Wolff <rwolff-AT-minerva.cis.yale.edu> Subject: Re: Market/planned (fwd To: Marshall Feldman No, my critique of foundationalism in regard to efficiency claims is not vitiated by anything I wrote. Perhaps the problem here is my use of the term "overdetermination" which I should have explained. The claim of something being either efficient or inefficient is, I argue, simply a ploy (conscious or unconscious) whereby someone who wants something (e.g., a particular economic institution such as markets or a particular economic act/event such as building a garbage-burning factory) makes claims about its virtues or vices as being absolute in the sense of valid alike for everyone. Thus, markets are efficient for everyone ("optimal"); or building a garbage-burning factory is inefficient for everyone "polluting") etc. Instead, my point is to show how, since no one can know or measure all the costs and benefits associated with markets, factories, or anything else being debated or struggled over, the contestants' claims that they know or have measured all such effects to reach their conclusions about efficieny or inefficiency are not to be taken seriously. Rather, we need to accept the irreducibly partial bases for everyone's preferences/desires/efficiency calculi. Each person's standards are uniquely overdetermined by all the influences that shaped their biographies. BUT NO FOUNDATION OR FOUNDATIONALISM lurks in such a statement. This is because we cannot account for all those influences that together overdetermine our respective definitions/standards/values/ etc. We cannot do that because they - like the ramifications of economic institutions or acts - are infinite, hence unknowable in toto, hence unmeasureable, hence NO FOUNDATION in the sense of some account valid for everyone across their differences. As Foucault and Derrida sing so incessantly, the issue is difference and whether - as Marx first put it - we have gotten far enough in the critique of religion (read monotheism, absolutism, mono-causalism, determinism, essentialism....and the other synonyms) to commence, freed from the search for absolutes, the needed critique of social life. Rick Wolff ------------------
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