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this post was submitted on 26 Feb 2024
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It doesn't? It never postulates that capitalists actively control the economy or do more than the bare minimum, on the contrary that they are bound to the laws of the market is one of the main points of marxism. That the cost of replacement factors into the cost of labor power is like the cost of replacement factoring in for any other commodity on the market. I highly suggest you read the booklet I linked, it's very short.
I’m actually pretty well read on the subject, both from the 18th to 19th century literature and from modern Marxist and other socialist economists. I’m also a biologist who has a bit of a specialization in pro-social models of behavior from a mathematical perspective and who derives data from real world observations and experiments.
The idea that capital controls the labor market is fairly central to the Marxist approach to capitalism. Both Marx and Adam Smith attributed dynamics to conscious actions that today we, as sophisticated systems theorists, would come up with better models to explain. They had an attitude towards human action that in some ways were the forerunner to modern sciences of collective behavior, but they’re still ridiculously primitive compared to modern theory.
Again, I am not the only academic to make this point. You find it is ubiquitous in modern Marxist literature. There are still some traditionalists, of course. I’m sure you know a particular white bearded professor who has what I honestly believe is the best introduction/course on Capital ever created. I honestly really like his work.
But what I don’t like is when communists or socialists refer to themselves as “Marxists.” I particularly don’t like it when they shoot down an idea using something that was written by someone in the 19th century, as if we haven’t had multiple revolutions in understanding economics and the science of complex systems since then.
What I’m saying is that you can read Marxist forums on line, and you can read Marxist academics publishing papers in Marxist journals, who argue that so-and-so is wrong because Marx(or whomever) said X. Nobody, and I mean nobody, quotes Darwin to refute a point in biology. Darwin was a genius, but he was a product of his time and got some very basic and very important stuff completely wrong. Ask a biologist about it and they’ll tell you it’s completely wrong and we figured it out a hundred years ago. They won’t canonize Darwin, even if they really really want a Darwin bobblehead for their desk.
Again, and I cannot make this more plain and I am not the only academic to say this: it’s called evolutionary biology, not Darwinism. I have friends and colleagues at places like the econ department at the New School, and they refer to what they do as “economics.” That’s where I’d prefer things to go.