Law of Value - Responses To Criticism

Responses To Criticism

These three lines of criticism lead the critics to the conclusion that Marx's law of value is metaphysical and theoretically useless. Everything he says can be restated in terms of prices, real or ideal, so what is the point then of any theory of "value"?

Read more about this topic:  Law Of Value

Famous quotes containing the words responses to, responses and/or criticism:

    “The fantasies inspired by TB in the last century, by cancer now, are responses to a disease thought to be intractable and capricious—that is, a disease not understood—in an era in which medicine’s central premise is that all diseases can be cured.”
    —Susan Sontag (b. 1933)

    “Apathy is one of the characteristic responses of any living organism when it is subjected to stimuli too intense or too complicated to cope with. The cure for apathy is comprehension.”
    —John Dos Passos (1896–1970)

    “I, with other Americans, have perhaps unduly resented the stream of criticism of American life ... more particularly have I resented the sneers at Main Street. For I have known that in the cottages that lay behind the street rested the strength of our national character.”
    —Herbert Hoover (1874–1964)