He rejected the labor theory of value and argued for a covergence between John Maynard Keynes's ideas concerning macroeconomics and Marx's economic ideas. In that respect, he seems to have been influenced by Joan Robinson who had argued that thesis in her 1942 book An Essay on Marxian Economics. But as I have pointed out in the past,
But as I pointed out:
"Since her time, some Marxists like the Analytical Marxists have taken up positions similar to hers. On the other hand, many contemporary Marxists would criticize both her rejection of the LTV and of materialist dialectics. For these Marxists, Robinson was being intellectually honest in rejecting the label of Marxist." (https://medium.com/@jimfarmelant/check-out-this-amazon-review-of-one-of-joan-robinsons-most-interesting-books-d681f446f8b2)
In any case, back in those days, Horowitz once got into a tussle with Pau Sweezy because while Sweezy was ain many respects a Keynesian Marxist, he still held on to the labor theory of value. Horowitz when about Sweezy, presented him as having rejected the labor theory of value. Sweezy vehemently objected to this as a misrepresentation of his ideas . . . "
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