The temporal single-system interpretation: underdetermination and inconsistency

Mohun, Simon and Veneziani, Roberto (2009): The temporal single-system interpretation: underdetermination and inconsistency.

Abstract

This paper critically evaluates a recent contribution by Kliman and Freeman (2009). It is argued that none of their arguments dispel previous criticisms of the temporal single system interpretation�(TSSI). Indeed the paper confirms the suggestions of many critics that, as the missing parts of the TSSI theoretical constructs are provided, in particular the Monetary Expression of Labour Time, the TSSI rests on inconsistency and arbitrary assumptions.

• Item Type: MPRA Paper
• Language: English
• Keywords: Value; exploitation; TSSI.
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B24 - Socialist ; Marxist ; Sraffian

References

Duménil, G. (1980), De la Valeur aux Prix de Production, Paris: Economica 1980.

Foley, D.K. (2000): �Recent Developments in the Labor Theory of Value�, Review of Radical Political Economics 32, pp. 1-39.

Freeman A. (1996): �A General Refutation of Okishio's Theorem and a Proof of the Falling Rate of Profit�, in Freeman A., Carchedi G. (eds) Marx and Non-equilibrium Economics, Edward Elgar, Aldershot.

Kliman A.J. (2001): �Simultaneous Valuation vs. the Exploitation Theory of Profit�, Capital and Class 73, pp.97-112.

Kliman A.J. (2007), Reclaiming Marx's �Capital�. A Refutation of the Myth of Inconsistency, Lanham MD: Lexington Books

Kliman, A.J. and A. Freeman (2006): �Replicating Marx: A Reply to Mohun�, Capital and Class 88, pp.117-126.

Kliman, A.J. and A. Freeman (2008): �Simultaneous Valuation vs. the Exploitation Theory of Profit: A Summing Up�, Capital and Class 94, pp. 107-117.

Kliman, A.J. and A. Freeman (2009): �The Truthiness of Veneziani's Critique of Marx and the TSSI�, Marxism 21 6(2), pp.335-366.

Kliman A.J. and T. McGlone (1999): �A Temporal Single-System Interpretation of Marx's Value Theory�, Review of Political Economy 11, pp.33-59.