NEW YORK – Anwar Shaikh found himself confronted by a rival Marxist economist at a conference earlier this week over his approach to the transformation problem. Despite Shaikh’s obviously superior understanding of economics at large and Marxism in particular, he found it quite difficult to convince his idiotic shithead rival that the transformation problem was little more than a simple accounting issue that anyone whose brain isn’t entirely filled with shit should immediately be able to grasp:
“Are you actually fucking stupid?” enquired Shaikh of the upstart bastard who dared question his theoretical approach, “How can you not understand the transfer of value between the circuits of capital and revenue? Profit is mainly derived from surplus value, but not exclusively! Go read the first pages of ‘Theories of Surplus Value’, and learn what profit upon alienation is.
“You dumb fuck,” concluded the Economics professor from the New School for Social…
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