Jim: "Marx's value theory is about relations among people: who does the work and who benefits from it? An energy surplus is about technology and nature. Those topics are interesting, but it's important to understand social relationships in order to understand which technologies are developed and how they -- and nature -- are used by human beings. Economists often want to measure "value," but if the point is to talk to people about social relations, they've done the measurement for us: they have an idea about how much work they do and the like."
I never said abandon value theory! I also should have been more clear. We can see where aggregate output is going and which class get's what using this approach (and perhaps some kaleckian modeling). -- -Nathan Tankus -----------------------------------------------------------------------------------------------------------------------------------------------
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