The Anti-Samuelson. Volume One - Macroeconomics: basic by Marc; Sensat, Julius Linder

By Marc; Sensat, Julius Linder

Booklet via Marc Linder, Julius Sensat

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Additional info for The Anti-Samuelson. Volume One - Macroeconomics: basic problems of the capitalist economy

Sample text

But is he? For Marx, "th e point of bourgeois so ciety "4 consists in the fact that w'hat appears on the surface is not identical with the underlying essential processes; it is the task of the science of political econom y to m ediate the surface phenom ena with th ese processes which they often appear to contradict. S, on the other hand, deals almost exclusively with these superficial phenom ena; when he goes beyond supply and dem and, he takes refuge in technology or tastes, both of which are "ex tern al" in the sense that they are not show n to be aspects of a self-reproducing whole.

The ahistorical w eaknesses of S 's reasoning are revealed in two im portant points. First, the reference to scarcity as the basis of private property im ­ plies that private property came into being in the midst of poverty caused by dim inishing returns in the context of a land shortage. ) In fact, how ever, private property arose not out of "sc a rc ity " but rather out of a surplus of the m eans of subsistence above the level neces­ sary to m aintain rep ro d u ction in accord ance with som e traditional level of consum ption.

Choose to end u p " som ew here in line with the various technological possibilities open to it (22). " The term "c h o ic e " w ould appear in ap p ro p riate even for th ose p recap italist societies characterized by som e form of aggregate planning (how ever unscientific) in light of the static nature of those m odes of production. And in capitalist society, praised by its econom ists precisely for the absence of such planning, "ch o ic e " would appear to be a direct inversion of reality. Let us look at this inversion more closely.

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