Date: Sun, 14 May 95 09:40:11 BST
From: Chris Burford <cburford-AT-gn.apc.org>
Subject: Value - Steve's Paper: Trailer


	Trailer/Warning: Read/Delete as applicable

Steve Keen has nudged me in public to respond to a revised version
of his paper "A Marx for Post Keynsians" which was to some extent 
influenced by warm exchanges with him, in both senses of the word warm,
about the Labour Theory of Value. 

I feel flattered that as a workaday 
psychiatrist I am being invited to share in this exchange and it shows for
me the vitality of the interdisciplinary nature of this list. If I 
bring a professional relevance to it at all it is that I find it best 
always to try to seek out what is coherent in the individual's ideas
from his/her point of view, and to start off assuming there is something
in them however crazy they may at first appear. 

Part 1 is a general response to the introduction and the passages about
the connnections with Post-Keynesianism.

Part 2 is a critique of Steve's claim that Marx does not have a logically
consistent model for explaining the role of technical innovation in 
surplus value.

Part 3 is a critique of Steve's description of Marx's model of the 
relationship between prices and labour exchange value.


Chris Burford, London




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