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Value and Marx: why it matters

Freeman, Alan (2002): Value and Marx: why it matters. Published in: Proteo No. 2001-2 (2002): pp. 52-61.

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Abstract

This is the English version of ‘Valore e Marx: Perche sono importanti’ which appeared in Vasopollo, L (2002) (ed) ‘Un Vecchio Falso Problema: La Transformazione dei valori in prezzi nel Capital di Marx’, Roma: Laboratoria per la critica sociale.

It was presented at the May 2002 conference organised by the Laboratorio per la critica sociale in Rome.

It summarises the debate to this point on the temporal and simultaneous approaches to value and on the alleged inconsistencies in Marx’s approach.

Keywords: TSSI, MELT, value, Marx, price, profit rate, Okishio, non-equilibrium, equilibrium, money, sraffa

Item Type:MPRA Paper
Institution:The University of Greenwich
Language:English
Keywords:TSSI; MELT; value; Marx; price; profit rate; Okishio; non-equilibrium; equilibrium; money; sraffa
Subjects:B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B14 - Socialist; Marxist
B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B24 - Socialist; Marxist
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist; Marxian; Sraffian
B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B40 - General
A - General Economics and Teaching > A1 - General Economics
B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical
B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General > B00 - General
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General
ID Code:2618
Deposited By:Alan Freeman
Deposited On:08. Apr 2007
Last Modified:07. Nov 2007 02:36
References:

Marx (1976) Capital Volume I Marx (1981) Capital Volume III Marx (1968) Capital Theories of Surplus Value, book II Marx (1972) Capital Theories of Surplus Value, book III Marx (1978) Capital Volume II N. Moszkowska, Das Marxsche System: Ein Beitrag zu dessen Aufbau (Berlin: Verlag Hans Robert Engelmann, 1929), pp. 37-8. Mihevic (1995) The Market Tells them So. London: Zed Books. Harrod, R.F. (1948), Towards an Economic Dynamics. London: Macmillan. Toporowski, J(1999) 'Kalecki and the Declining Rate of Profits, Review of Political Economy, Volume 11, Number 3, 1999 Maldonado-Filho, E. (1997) ‘The Circuit of Industrial Capital, Price Changes and the Profit Rate’, presented to the 1997 conference of the Eastern Economic Association (available at http://www.greenwwich.ac.uk/~fa03) Howard and King (1992) History of Marxian Economics Steindl (1952) Maturity and Stagnation in American Capitalism (Oxford: Blackwell). Kautsky, K (1905), The Economic Doctrines of Karl Marx Freeman (1997) ‘Time, money, and the quantification of value’, paper to the 1997 conference of the EEA, (available at www.greenwich.ac.uk/~fa03/research ) Laibman, D. (1976) ‘The Marxian labor-saving bias: a Formalization’ in The Quarterly Review of Economics and Business, 16(3), Autumn, pp 25-44 Sweezy, P. (1970) The Theory of Capitalist Development, New York: Monthly Review Press Robinson (1942) An Essay on Marxian Economics, London: MacMillan (reprinted 1969)

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