Magic Formulas and Arsenic Powder

I would like to begin with a few reflections on the article in which Claudio Napoleoni reproduced the report he gave at the conference in Modena (Rinascita, no. 8 [1979]; translated in this issue); after which I shall go on to examine Marx's distinction between abstract and concrete labor brought up by some speakers; and then finally I shall venture a reply to my critics. The article by Claudio Napoleoni seems to me a good example of what I said in a long article (Rinasdta, nos. 9, 12, 13 [1978]) an example, that is, of how defensive interpretations that the Marxist tradition has given to the labor theory of value are now being used to argue that the most general solution provided in recent years to the Marxist problem of value paradoxically means a crisis in Marx's critique of political economy. Napoleoni' s opinion about what constitutes a correct determination of profits and prices among theories of surplus has undergone modifications over time, but he has always remained firm on the point that in Marx the labor theory of value transcends

Capitalism · Economics · Epistemology · Labor theory of value · MAGIC (telescope · Marxist philosophy · Neoclassical economics · Political science · Politics · Positive economics · Sociology · Surplus value · Value (mathematics · Value theory · Law · Mathematics · Philosophy · Political Economy and Marxism