Which Way Forward for Marxist Value Theory? A Rejoinder to Moseley. (1st October 2018)

• Record Type: Journal Article
• Authors: Laibman, David
• Is Part Of: World review of political economy. Volume 9:Number 3(2018)
• Page Start: 410
• Page End: 419
• Publication Date: 2018-10-01
• Subjects: Marxist value theory -- transformation problem -- Piero Sraffa -- macro-monetary interpretation; Economics -- Political aspects -- Periodicals; Economic development -- Periodicals; Economic policy -- Periodicals; Economic development; Economic policy; Economics -- Political aspects; Periodicals; 330.05
• DOI: 10.13169/worlrevipoliecon.9.3.0410
• Languages: English
• ISSNs: 2042-8928

Abstract

Abstract : Fred Moseley's reply to my review essay on his Money and Totality essentially repeats the argument that was criticized at length in that essay. It rests on a grave misinterpretation of my own position and does not achieve its objective: to build upon Marx's work and provide solid foundations for ongoing progress along Marxist lines. The crucial logical incoherence of the argument in Money and Totality remains and is an obstacle to the goal that Moseley and I share: to continue the work begun by Marx and to use that work in the service of progressive social transformation around the world.