RFH Ep. 85: Value, Price & Prattle: A Response to Lopes, Byron, and Historical Materialism

Brendan interviews Andrew about his new article, “Value, Price & Prattle,” which responds to a recent paper in Historical Materialism by Jesse Lopes and Chris Byron. Andrew reiterates his request that the journal and its publisher retract the paper, because it misrepresents things that Marx and Andrew wrote and contains other serious errors. The co-hosts then discuss Lopes and Byron’s argument that the apparent contradiction between Marx’s value theory and real-world prices and profits can’t be solved mathematically; their failure to understand what is meant by a “single system” interpretation of Marx’s value theory; and their denial that Marx converted amounts of labor-time into amounts of money and vice-versa. Plus current-events segment: DeSantis sics anti-“CRT” attack dog Chris Rufo on progressive New College.