by Presentation at the 3rd Marx World Congress organised by the School of Marxism, Peking University, Beijing 17-18 July 2021 ABSTRACT I.I.Rubin’s Essays on Marx’s Theory of Value played a crucial role in the 1970s Value Debate between Marxist and neo-Ricardians as it gave inspiration and support to the Marxist argument about the social dimension of the political-economic analysis and also about the difference between Marx’s and Ricardo’s LTV. However, the subsequent self-proclaimed ‘Rubin school’ overemphasized the social dimension and neglected the technical dimension of value. This led to a theory of form without content by identifying immediately value with money and thus abandoning labour values and substituting them with monetary prices. This old ‘Rubin school’ betrayed both
Topics:
Stavros Mavroudeas considers the following as important: Marx World Congress, Mavroudeas, Peking University, Rubin, Rubinists, Uncategorized, Εισηγήσεις σε επιστημονικά συνέδρια - Papers in academic conferences
This could be interesting, too:
Dean Baker writes Health insurance killing: Economics does have something to say
Lars Pålsson Syll writes Debunking mathematical economics
John Quiggin writes RBA policy is putting all our futures at risk
Merijn T. Knibbe writes ´Extra Unordinarily Persistent Large Otput Gaps´ (EU-PLOGs)
Presentation at the 3rd Marx World Congress organised by the School of Marxism, Peking University, Beijing 17-18 July 2021
ABSTRACT
I.I.Rubin’s Essays on Marx’s Theory of Value played a crucial role in the 1970s Value Debate between Marxist and neo-Ricardians as it gave inspiration and support to the Marxist argument about the social dimension of the political-economic analysis and also about the difference between Marx’s and Ricardo’s LTV. However, the subsequent self-proclaimed ‘Rubin school’ overemphasized the social dimension and neglected the technical dimension of value. This led to a theory of form without content by identifying immediately value with money and thus abandoning labour values and substituting them with monetary prices. This old ‘Rubin school’ betrayed both Marx and Rubin as the latter never ascribed to their fallacies. Nowadays, a new stream of ‘Rubinists’ (e.g. the proponents of a monetary theory of value) appear that again identify immediately labour values with money and thus also make labour values redundant. This paper argues that the new ‘Rubinists’ betray also both Marx and Rubin and, moreover, fail to understand the essential working of the capitalist economy.
The powerpoint of my presentation follows:
The video-recording of my presentation flows: