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Reinstating the dialectic in Marx's account of capitalism is argued to be the best way of maintaining its coherence after the Sraffian critique. The key to this involves purging any reliance upon any autonomous labor-value substructure underlying prices and money. It is shown that adopting this...
Persistent link: https://www.econbiz.de/10005554489
Economic orthodoxy has but a minimal interest in methodology. Heterodoxy is suspicious of dialectics. As exemplified recently in a book by John Rosenthal, even Marxism likes to eschew the notion of any more than a residual Hegelian influence in Marx and Marxist discourse. Bouncing off...
Persistent link: https://www.econbiz.de/10005436557
By adopting a monetary approach with no reference to any substratum of value substance preexisting monetary exchange, the key to capitalism's form-determined interconnectedness is revealed. The concrete existence of the value-form is in money--in a ll its contingent physical manifestations....
Persistent link: https://www.econbiz.de/10005741735