1.0 Introduction
I have been reading Robin Hahnel. Hahnel argues even more strongly than Steedman did that labor values are redundant.
And he argues for the importance of the fundamental Sraffian theorem. I think this may be Hahnel’s coinage. Anyways’
this is my working my way through some of what I think he is saying.
Hahnel has some interesting things to say, not discussed here, about analyzing environmental concerns in a Sraffian framework.
I ignore the chapter in Hahnel (2017) on the moral critique of capitalism. Following Eatwell (2019) and others,
I hold that mainstream economists do not have a theory of value and distribution, anyways.
2.0 The Setting
Suppose a capitalist economy is observed at a given point in time. n commodities are being produced, each by a separate
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