Outsider’s Hubris
Wednesday, February 14th, 2007At the moment, I’m trying to get a handle on Sraffian economics and I’m recognizing the deep poverty of my economic self-education. I’m struggling with stuff that’s beyond me, and feeling quite foolish. For a while, I’ve carried the outsider’s hubris of telling myself how smart I am for trying to import into my discipline concerns I see as hitherto ignored. I told myself I’d take a graduate course in heterodox economics, with a couple semesters of independent study as an introduction and a graduate directed study as a follow-up, and I’d be OK.
Well, not so much.
I can read some of the articles in the economics collections and journals, especially the ones that apply cultural studies or rhetorical perspectives to economic problems, like Timothy Mitchell’s excellent “The Object of Development: America’s Egypt” or Duncan Ironmonger’s “Counting Outputs, Capital Inputs and Caring Labor: Estimating Gross Household Product.” But I’m not so good with the equations, even the simple ones, until I read back through a couple times and see what’s being parsed, and even then I don’t often get it, and have to read further for context. Case in point: I’ve got Stiglitz’s 1974 review article on the Cambridge capital controversy in front of me, and it’s killing me. I know what it’s about, and I recognize the assertions, but I can’t parse the proofs. Even some of the recent evaluations of Piero Sraffa’s Production of Commodities by Means of Commodities, which I want to use to help me get beyond the notion of marginality that neoclassical economics poses as an alternative to the labor theory of value, are giving me a hard time.
