TPM Cafe Book Club: Neoclassical Economics: Threat or Menace?
links for 2007-06-01

Max Sawicky Quotes Herb Gintis

Herb Gintis says:

MaxSpeak, You Listen!: QUOTATIONS FROM CHAIRMAN HERB: Sam [Bowles] and spent several years trying to shore up Marx's labor theory of value. We called it "Sites and Practices," and we tried to make it work. Alfredo Medio, who made the labor theory of value an analytical device, inspired much of our work on this topic, But... [quoting Geoff Hodgson] 'After you make the labor theory of value look pretty and work it out so that it is intellectually credible, you no longer have the labor theory of value, but something quite different. So, why call it the labor theory of value?'

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