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An Addendum By Way Of A Response — Robert Paul Wolff

Summary:
LFC makes the following comment: “Prof. Wolff has said that one of his aims is to "put the irony into the equations," but where is the irony here? I get the mocking language ("moneybags") and the element of mystification, but mockery and mystification aren't the same as irony. So where is it?” Once again, I am afraid that by rushing through my ideas too quickly I have neglected to include essential points, so instead of the next episode in this soap opera I will directly address LFC’s question. That will actually set things up for what I wanted to say next.The central ironic utterance whose true meaning Marx seeks to expose is the phrase “free market....” [emphasis added]The Philosopher's StoneAN ADDENDUM BY WAY OF A RESPONSERobert Paul Wolff | Professor Emeritus, University of

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LFC makes the following comment: “Prof. Wolff has said that one of his aims is to "put the irony into the equations," but where is the irony here? I get the mocking language ("moneybags") and the element of mystification, but mockery and mystification aren't the same as irony. So where is it?”
Once again, I am afraid that by rushing through my ideas too quickly I have neglected to include essential points, so instead of the next episode in this soap opera I will directly address LFC’s question. That will actually set things up for what I wanted to say next.
The central ironic utterance whose true meaning Marx seeks to expose is the phrase “free market....” [emphasis added]
The Philosopher's Stone
AN ADDENDUM BY WAY OF A RESPONSE
Robert Paul Wolff | Professor Emeritus, University of Massachusetts Amherst
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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