2024-03-29T15:10:59Z
https://mpra.ub.uni-muenchen.de/cgi/oai2
oai:mpra.ub.uni-muenchen.de:1290
2019-09-26T15:16:14Z
7374617475733D707562
7375626A656374733D45:4533:453332
7375626A656374733D42:4234:423430
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423234
7375626A656374733D42:4230:423030
7375626A656374733D42:4235:423531
7375626A656374733D42:4231:423134
7375626A656374733D42:4231:423132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1290/
Price, value and profit – a continuous, general, treatment
Freeman, Alan
E32 - Business Fluctuations ; Cycles
B40 - General
B50 - General
B24 - Socialist ; Marxist ; Sraffian
B00 - General
B51 - Socialist ; Marxian ; Sraffian
B14 - Socialist ; Marxist
B12 - Classical (includes Adam Smith)
This text comprises chapter 13 of Marx and non-equilibrium Economics[1]. It provides a general mathematical specification of a non-equilibrium interpretation of Marx’s theory of value. It refutes the Okishio theorem and solves the transformation problem. It is a foundation work of scholarship within the TSSI (temporal single-system interpretation) of Marx.
It specifies temporal values within a continuous-time framework as opposed to a discrete-time framework, and shows how to pass from discrete or serial time (difference equation, sequential) formalisations to continuous (differential equation, temporal) formalisations of the conservation of value.
[1] Freeman, A. and Carchedi, G. (eds) (1996), Marx and Non-Equilibrium Economics, pp1-29. Cheltenham: Edward Elgar. ISBN 1 85898 268 5.
1996-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1290/1/MPRA_paper_1290.pdf
Freeman, Alan (1996): Price, value and profit – a continuous, general, treatment. Published in: Marx and Non-Equilibrium Economics (book) (April 1996): pp. 180-233.
en
oai:mpra.ub.uni-muenchen.de:1291
2019-09-28T06:41:36Z
7374617475733D756E707562
7375626A656374733D42:4230:423030
7375626A656374733D42:4235:423533
7375626A656374733D42:4234:423431
7375626A656374733D42:4232:423234
7375626A656374733D42:4231:423136
7375626A656374733D42:4231:423134
7375626A656374733D42:4231:423132
7375626A656374733D42:4235:423530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1291/
Mr Marx and the neoclassics
Freeman, Alan
B00 - General
B53 - Austrian
B41 - Economic Methodology
B24 - Socialist ; Marxist ; Sraffian
B16 - Quantitative and Mathematical
B14 - Socialist ; Marxist
B12 - Classical (includes Adam Smith)
B50 - General
This article, presented to the Annual Conference of the History of Economics Society, Vancouver July 1996, gives a historical analysis of the origins of the general equilibrium or comparative static approach and demonstrates that economic thought as a whole is divided, in each of its schools of thought, between the equilibrium paradigm and its alternative, the temporal paradigm. This applies across the board with, for example, the divergence between Post-Keynesian or Kaleckian economics, between Austrian economics and Walrasian general equilibrium, and in many other contexts.
The article demonstrates the difference between the equilibrium and temporal approach using a demonstration of ‘adjustment’ effects in a simple corn-cycle model. It goes on to analyse the reasons why, in the history of thought, adjustment or dynamic effects have been considered as ignorable when in fact they are not.
It suggests that the traditional division of the succession of ideas in economic thought – physiocracy, the classics, Marx, marginalism – needs to be reviewed in this light, and argues for a reconsideration of the contribution of Marx to economics, placing him as the first and in many ways the most consistent in a suppressed non-equilibrium tradition in economic thought.
It suggests that in this light, Marx has more in common with Austrian and Post-Keynesian thinking than with Ricardo and Smith, among whose ranks he is normally and commonly grouped.
1996-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1291/1/MPRA_paper_1291.pdf
Freeman, Alan (1996): Mr Marx and the neoclassics.
en
oai:mpra.ub.uni-muenchen.de:1539
2019-09-27T03:51:02Z
7374617475733D707562
7375626A656374733D42:4235:423530
7375626A656374733D42:4231:423134
7375626A656374733D42:4235
7375626A656374733D42:4231:423132
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4231:423133
7375626A656374733D42:4234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1539/
The Psychopathology of Walrasian Marxism
Freeman, Alan
B50 - General
B14 - Socialist ; Marxist
B5 - Current Heterodox Approaches
B12 - Classical (includes Adam Smith)
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B4 - Economic Methodology
This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit rate. It seeks to explain why this approach to value is inaccessible to consciousness under present social relations, and why resistance to its acceptance has been particularly strong among Marxists.
[1] Freeman, A. (1996b) ‘The psychopathology of Walrasian Marxism’, in Freeman, A.. and Carchedi, G. (eds) (1996), Marx and Non-Equilibrium Economics, pp1-29. Cheltenham: Edward Elgar. ISBN 1 85898 268 5.
1996
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1539/1/MPRA_paper_1539.pdf
Freeman, Alan (1996): The Psychopathology of Walrasian Marxism. Published in: Freeman, A. and Guglielmo Carchedi 'Marx and non-equilibrium economics', Aldershot: Edward Elgar (1996): pp. 1-29.
en
oai:mpra.ub.uni-muenchen.de:1541
2019-09-26T08:29:06Z
7374617475733D707562
7375626A656374733D4F:4F34:4F3431
7375626A656374733D42:4231:423134
7375626A656374733D4F:4F33:4F3333
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1541/
The New Value debate and the birth of a paradigm
Freeman, Alan
O41 - One, Two, and Multisector Growth Models
B14 - Socialist ; Marxist
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
This article updates the paper ‘Mr Marx and the Neoclassics’ presented at the July 1996 conference of the History of Economics Society in Vancouver.
It assesses the challenge presented by temporal analysis to both neoclassical orthodoxy and orthodox interpretations of Marx’s thought. It provides a rigorous value-theoretic account of the falling profit rate, of crisis, and of unequal world development rooted in an account of the value-price relation that conforms to Marx’s disputed expectations.
This challenge represents a convergence of a number of different strains of thought. It involves a systematic reconsideration of the role of money and its relation to value. And it explores an alternative to the persistent dogma that economic movement may be captured by the mutations of a static or simultaneous equation system in which the only dynamic effects are the temporal evolution of its parameters. This alternative view reinstates the notion which Marshall and Walras sought to extirpate, of successive or temporal causation. The combination of these two insights has been variously termed the sequential nondualist or temporal approach (a term due to Gil Skillman).
This revolution in thought, it is argued, goes beyond Marxist economics and offers a rigorous foundation for political economy as a whole.
It has met powerful resistance. The conclusion drawn is that two exercises are needed: To enquire into the reasons this resistance, and to situate the ‘new’ theory – in actuality a reassertion of classical orthodoxy – in the general framework of the history of political economy.
1997-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1541/1/MPRA_paper_1541.pdf
Freeman, Alan (1997): The New Value debate and the birth of a paradigm. Published in: ASSA conference 1997 (January 1997)
en
oai:mpra.ub.uni-muenchen.de:1998
2019-09-26T13:49:38Z
7374617475733D707562
7375626A656374733D42:4235:423530
7375626A656374733D4F:4F33:4F3330
7375626A656374733D4F:4F31:4F3130
7375626A656374733D42:4234:423431
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D4F:4F33:4F3331
7375626A656374733D42:4232:423230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1998/
A general refutation of Okishio’s theorem and a proof of the falling rate of profit
Freeman, Alan
B50 - General
O30 - General
O10 - General
B41 - Economic Methodology
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
O31 - Innovation and Invention: Processes and Incentives
B20 - General
This is the first published general refutation of the Okishio theorem. An earlier refutation based on a specific example was published by Kliman and McGlone in 1988.
Okishio’s theorem, published in 1961, asserts that if real wages stay constant, the rate of profit necessarily rises in consequence of any cost-reducing technical change. It proves this within a simultaneous equation (general equlibrium) framework.
This paper establishes that this proposition is false within a differential equation (temporal) approach. In such a framework the denominator of the rate of profit rises continuously, regardless of whether or not there is technical change, unless capitalist consumption exceeds profit, as occurs in a slump.
Okishio himself asserts that his theorem is ‘contrary to Marx’s Gesetz des Tendentiellen Falls der Profitrate’ – contrary to Marx’s law of the tendency of the rate of profit to fall. This assertion is, within the literature, universally taken to be the substantive content of the ‘Okishio Theorem’. Thus, if Marx’s approach to value is in fact temporal, and not simultaneist, this assertion by Okishio is false, since it applies not to Marx’s own theory, but to the interpretation of that theory subsequently attributed to Marx by a specific school of thought represented principally by Bortkiewicz, Sweezy, Morishima, Seton, and Steedman.
The subsequent accumulation of hermeneutic evidence strongly supports the thesis that Marx’s theory is temporalist and not simultaneist.
Since the Okishio theorem makes the general assertion that the rate of profit must necessarily rise if there are cost-saving technical changes, and since Kliman and McGlone demonstrate a particular case in which cost-saving technical change leads to a fall in the profit rate, the Kliman-McGlone paper is the first published refutation of the Okishio theorem. The present paper is a generalisation of this refutation which establishes the precise conditions under which the profit rate rise or falls, and establishes the general result that the profit rate necessarily falls as a consequence of capitalist accumulation with a constant real wage, until and unless accumulation ceases in value terms.
Consequently the mathematical findings set out in this paper, refute the Okishio Theorem.
1998
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1998/1/MPRA_paper_1998.pdf
Freeman, Alan (1998): A general refutation of Okishio’s theorem and a proof of the falling rate of profit. Published in: Bellofiore, R (ed) Marxian Economics: a Reappraisal, Volume 2, pp139-162. Basingstoke: McMillan. ISBN 0 333 64411 5 (1998): pp. 139-162.
en
oai:mpra.ub.uni-muenchen.de:2040
2019-09-27T23:56:50Z
7374617475733D707562
7375626A656374733D43:4334:433433
7375626A656374733D43:4330:433032
7375626A656374733D43:4334:433436
7375626A656374733D42:4232:423234
7375626A656374733D42:4234:423430
7375626A656374733D42:4232:423233
7375626A656374733D42:4231:423134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2040/
The indeterminacy of price-value correlations: a comment on papers by Simo Mohun and Anwar Shaikh
Freeman, Alan
C43 - Index Numbers and Aggregation
C02 - Mathematical Methods
C46 - Specific Distributions ; Specific Statistics
B24 - Socialist ; Marxist ; Sraffian
B40 - General
B23 - Econometrics ; Quantitative and Mathematical Studies
B14 - Socialist ; Marxist
This paper is the first published critique of the indeterminacy of price-value correlations and their inadequacy as empirical evidence for the determination of prices by values. It comments on the approach developed by Shaikh, Petrovic, Parys, Ochoa and others, according to which prices, as asserted by Ricardo, are empirically ‘97%’ determined by values.
This method calculates measures of distance (according to some or other measure such as Mean Absolute Distance, or correlation) between a vector of empirically-observed average price of a set of industrial sectors, and a vector of aggregate values calculated as the vertically-integrated labour coefficients of the same set of industrial sectors.
The present paper suggests, and establishes using a Monte Carlo method, that the observed correlations are most likely to ‘spurious’ since they can be entirely accounted for by variations in the size of the industrial sectors concerned.
The paper was published in the same volume as the paper from Anwar Shaikh to which it responds, as well as another by Simon Mohun on which the paper also comments. (Bellofiore, R (ed) Marxian Economics: a Reappraisal, Volume 2, pp139-162. Basingstoke: McMillan)
The controversy was subsequently developed in a number of exchanges including, in particular, papers in the Cambridge Journal of Economics between Andrew Kliman, Paul Cockshott and Allin Cottrell. It has further been discussed in papers by Ruben Osuna and Emilio Diaz which are at the time of submission unpublished, and in papers by Tsoulfidis and Maniatis also in the Cambridge Journal of Economics.
1998
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2040/1/MPRA_paper_2040.pdf
Freeman, Alan (1998): The indeterminacy of price-value correlations: a comment on papers by Simo Mohun and Anwar Shaikh. Published in: Bellofiore, R (ed) Marxian Economics: a Reappraisal, Volume 2, pp139-162. Basingstoke: McMillan. ISBN 0 333 64411 5 (1998): pp. 139-162.
en
oai:mpra.ub.uni-muenchen.de:2303
2019-09-29T23:07:23Z
7374617475733D756E707562
7375626A656374733D42:4232:423230
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423431
7375626A656374733D42:4235:423530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2303/
What happens in crashes? a non-equilibrium, value-theoretic approach to liquidity preference
Freeman, Alan
B20 - General
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B41 - Economic Methodology
B50 - General
This paper, presented at the 1998 conference of the European Association for Evolutionary Political Economy in Lisbon, shows how variations in the value of money, and in the exchange rate between different moneys of account, lead to transfers of value on the one hand between national or continental monetary blocs and on the other, between the financial and productive sectors of a single national economy.
It discusses how these transfers may serve as the mechanism underlying the business cycle and suggests that they may also account for the phenomenon of liquidity preference. It suggests that the concept of liquidity preference constitutes a potential common ground between value-theoretic and post-Keynesian schools of thought.
It is set against the background of the 1997 Asian crisis and reflects on the role and reliability of the economics profession.
1998-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2303/1/MPRA_paper_2303.pdf
Freeman, Alan (1998): What happens in crashes? a non-equilibrium, value-theoretic approach to liquidity preference.
en
oai:mpra.ub.uni-muenchen.de:2573
2019-09-27T06:53:39Z
7374617475733D756E707562
7375626A656374733D42:4235:423530
7375626A656374733D42:4231:423133
7375626A656374733D42:4235:423531
7375626A656374733D42:4235
7375626A656374733D42:4232:423234
7375626A656374733D42:4231:423134
7375626A656374733D42:4234
7375626A656374733D42:4231:423132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2573/
A dialogue concerning the two chief systems of value
Freeman, Alan
B50 - General
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B51 - Socialist ; Marxian ; Sraffian
B5 - Current Heterodox Approaches
B24 - Socialist ; Marxist ; Sraffian
B14 - Socialist ; Marxist
B4 - Economic Methodology
B12 - Classical (includes Adam Smith)
This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal approach in economics, and the Galilean approach in astronomy. At that time, the problem which I sought to address was, how is retrogression possible in economic thought? This same question is at the centre of my response to Laibman in 'The new value controversy in economics'.
Keywords: Temporalism; TSSI; Value; Marx; rate of profit; transformation; non-equilibrium; Walras;
1998-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2573/1/MPRA_paper_2573.pdf
Freeman, Alan (1998): A dialogue concerning the two chief systems of value.
en
oai:mpra.ub.uni-muenchen.de:2588
2019-09-28T01:06:59Z
7374617475733D756E707562
7375626A656374733D45:4533:453332
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423134
7375626A656374733D42:4231:423132
7375626A656374733D42:4230:423030
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2588/
Marxian debates on the falling rate of profit
Freeman, Alan
E32 - Business Fluctuations ; Cycles
B40 - General
B14 - Socialist ; Marxist
B12 - Classical (includes Adam Smith)
B00 - General
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B50 - General
The purpose of this paper is to examine the discussion among marxists about the rate of profit. This is done by the method of symptomatic reading, hence in a different way from what has become standard. Beginning from the fact that Marx and his critics draw diametrically opposite conclusions from the same premises – continuously rising productivity as a defining element of accumulation – I enquire into the presuppositions and necessary conclusions of the two opposed interpretations in order to lay bare the logical world-view which underlies them.
I show that the opposed conclusions which are drawn by scholars from the two main paradigms arise not from errors of logic but from their opposed value concepts. My aim is, without presupposing which is right, to investigate what each concept actually is.
This paper is non-mathematical but contains many numerical examples and a detailed textual exigesis. It is a good starting point for the new student of temporal approaches to value and their difference from the simultaneist (equilibrium) standpoint.
It contains a more or less complete non-mathematical exposition of the temporal calculation of the profit rate, and demonstrates that the simultaneist approach leads to the creation of value without labour.
Keywords: value, TSSI, temporalism, rate of profit, Marx, MELT, Okishio
2000-06-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2588/1/MPRA_paper_2588.pdf
Freeman, Alan (2000): Marxian debates on the falling rate of profit.
en
oai:mpra.ub.uni-muenchen.de:2618
2019-10-04T04:37:53Z
7374617475733D707562
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D41:4131
7375626A656374733D42:4231:423132
7375626A656374733D42:4230:423030
7375626A656374733D42:4235:423530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2618/
Value and Marx: why it matters
Freeman, Alan
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B40 - General
A1 - General Economics
B12 - Classical (includes Adam Smith)
B00 - General
B50 - General
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
2002-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2618/1/MPRA_paper_2618.pdf
Freeman, Alan (2002): Value and Marx: why it matters. Published in: Proteo No. 2001-2 (2002): pp. 52-61.
en
oai:mpra.ub.uni-muenchen.de:2619
2019-09-26T13:19:39Z
7374617475733D756E707562
7375626A656374733D42:4231:423134
7375626A656374733D42:4235
7375626A656374733D42:4231:423132
7375626A656374733D42:4234
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423530
7375626A656374733D42:4231:423133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2619/
Marx After Marx After Sraffa
Freeman, Alan
B14 - Socialist ; Marxist
B5 - Current Heterodox Approaches
B12 - Classical (includes Adam Smith)
B4 - Economic Methodology
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B50 - General
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
This paper was originally presented at a conference on value organized by the Laboratory for Social Change in Rome, which staged a debate on value theory involving Andrew Kliman, Alan Freeman, Mino Carchedi, Gary Mongiovi, Fabio Petri, Duncan Foley, and Ernesto Screpanti.
The paper was a contribution to this discussion. The most complete version was presented to the 2002 conference of the Middle East Technical University (METU) in Ankara, September 2002. This version was presented to the annual conference of the Association for Heterodox Economics (AHE) in July 2002.
The article contains an initial response to Gary Mongiovi’s critique of the TSSI presented at the Eastern Economic Association and subsequently printed in the Review of Radical Political Economy [Mongiovi, G (2002), Vulgar Economy in Marxian Garb: A Critique of Temporal Single System Marxism, paper to the 2002 conference of the Eastern Economic Association; Mongiovi, Gary. 2002. Vulgar Economy in Marxian Garb: A critique of temporal single-system Marxism, Review of Radical Political Economics 34:4, 393–416.]
Keywords: Value, Marx, Price, Money, Sraffa, Transformation, rate of profit, Okishio, TSSI, MELT, Temporal, Non-equilibrium, History of Economic Thought.
2002
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2619/1/MPRA_paper_2619.pdf
Freeman, Alan (2002): Marx After Marx After Sraffa.
en
oai:mpra.ub.uni-muenchen.de:2620
2019-09-29T06:00:10Z
7374617475733D756E707562
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D4F:4F33:4F3333
7375626A656374733D4F:4F34:4F3431
7375626A656374733D42:4235:423531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2620/
Marx after Marx after Sraffa
Freeman, Alan
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
O41 - One, Two, and Multisector Growth Models
B51 - Socialist ; Marxian ; Sraffian
This paper was first presented at the conference on value of The Laboratory for Social Critique, Rome, May, 21, 2002 and subsequently at the 2002 conference of the Association for Heterodox Economics, July 2002.
This is the most complete version, presented to the 2002 conference of the Middle East Technical University (METU) in Ankara, September 2002.
The Rome conference staged a debate on value theory involving Andrew Kliman, Alan Freeman, Mino Carchedi, Gary Mongiovi, Fabio Petri, Duncan Foley, and Ernesto Screpanti. The article was originally written for this discussion.
The article contains an initial response to Mongiovi’s critique of the TSSI presented at the Eastern Economic Association and subsequently printed in the Review of Radical Political Economy [Mongiovi, G (2002), Vulgar Economy in Marxian Garb: A Critique of Temporal Single System Marxism, paper to the 2002 conference of the Eastern Economic Association; Mongiovi, Gary. 2002. Vulgar Economy in Marxian Garb: A critique of temporal single-system Marxism, Review of Radical Political Economics 34:4, 393–416.]
Keywords: Value; Marx; Price; Money; Sraffa; Transformation; rate of profit; Okishio; TSSI; MELT; Temporal; Non-equilibrium; History of Economic Thought.
2002-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2620/1/MPRA_paper_2620.pdf
Freeman, Alan (2002): Marx after Marx after Sraffa.
en
oai:mpra.ub.uni-muenchen.de:5585
2019-09-30T17:57:35Z
7374617475733D707562
7375626A656374733D42:4235:423530
7375626A656374733D42:4230:423030
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423132
7375626A656374733D41:4131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5585/
Valore e Marx: Perche sono importanti
Freeman, Alan
B50 - General
B00 - General
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
A1 - General Economics
This is the Italian version of ‘Value and Marx: why it matters’ 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
2002-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5585/1/MPRA_paper_5585.pdf
Freeman, Alan (2002): Valore e Marx: Perche sono importanti. Published in: Proteo No. 2001-2 (2002): pp. 52-61.
it
oai:mpra.ub.uni-muenchen.de:5590
2019-09-28T16:31:23Z
7374617475733D756E707562
7375626A656374733D42:4235:423530
7375626A656374733D42:4230:423030
7375626A656374733D42:4231:423134
7375626A656374733D42:4234:423430
7375626A656374733D45:4533:453332
7375626A656374733D42:4232:423234
7375626A656374733D42:4231:423132
7375626A656374733D42:4235:423531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5590/
Confronting the Evidence: Marx's Historians on the Falling Profit Rate
Freeman, Alan
B50 - General
B00 - General
B14 - Socialist ; Marxist
B40 - General
E32 - Business Fluctuations ; Cycles
B24 - Socialist ; Marxist ; Sraffian
B12 - Classical (includes Adam Smith)
B51 - Socialist ; Marxian ; Sraffian
This article presents a detailed textual analysis of Marx’s actual account of the tendency of the rate of profit to fall and attempts to recover the initial logic of the analysis
It sets this against early discussion on Marx’s value theory and shows, in a non-mathematical manner, how a purely physical conception of the profit rate was substituted for the value profit rate, as a consequence of the interpretation of Marx’s value theory within a general equilibrium framework, introduced by Bortkiewicz and subsequently adopted by academic Marxism.
It demonstrates how the consistency of Marx’s logic emerges on the basis of a temporal interpretation of Marx’s value theory.
Presented to the 7th annual conference of the Association for Heterodox Economics, London, sessions on ‘Whig History in Economics and (re) interpretation of theory. City University, July 15-17 2005.
2004-07-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5590/1/MPRA_paper_5590.pdf
Freeman, Alan (2004): Confronting the Evidence: Marx's Historians on the Falling Profit Rate.
en
oai:mpra.ub.uni-muenchen.de:6063
2019-09-27T00:06:53Z
7374617475733D756E707562
7375626A656374733D43:4336:433633
7375626A656374733D50:5032
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6063/
Mises, Kantorovich and Economic Computation
Cockshott, W. Paul
C63 - Computational Techniques ; Simulation Modeling
P2 - Socialist Systems and Transitional Economies
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
An article that reviews the work of Kantorovich in the light of von Mises claim that rational calculations were impossible without markets. It gives a tutorial introduction to the use of Kantorovich's methods, compares his approach to that of Dantzig. An assesment is given of the extent to which new interior point methods of linear programming strengthen or weaken Kantorovich's claims.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6063/1/MPRA_paper_6063.pdf
Cockshott, W. Paul (2007): Mises, Kantorovich and Economic Computation.
en
oai:mpra.ub.uni-muenchen.de:6713
2019-09-29T00:59:53Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423132
7375626A656374733D42:4230
7375626A656374733D42:4231:423134
7375626A656374733D41:4131
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6713/
Between Two World Systems: A Response to David Laibman
Freeman, Alan
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
B0 - General
B14 - Socialist ; Marxist
A1 - General Economics
B50 - General
B24 - Socialist ; Marxist ; Sraffian
Prepublication version of article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 17, pp241-48. Stanford, CT: JAI Press.
http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description
This article formed part of a four-way exchange on the rate of profit which appeared in Research in Political Economy in 1999 and 2000, between David Laibman, Duncan Foley, Andrew Kliman and Alan Freeman. This piece constituted Freeman’s response to an initial critique by Laibman of the Temporal Single System Interpretation (TSSI) of Marx’s value theory. Applying an alternative valuation to the TSSI, he shows that a rising rate of profit can be deduced where the TSSI finds a falling one; and concludes that temporalism cannot be responsible for TSS results. This is of course true: a falling value profit rate arises from the specific combination of temporalism and valuation by the magnitude of labour time. However Laibman accepts the most important conclusion of TSSI research, namely, it refutes Okishio’s theorem, according to which under no circumstances can the rate of profit fall with cost-saving technical change. Since SSI results exhibit such a circumstance, the theorem is false.
My response goes further to establish the precise conditions under which the value rate of profit falls: The maximum profit rate falls if the value invested, as a proportion of the value of accumulated capital, is greater than the rate of increase in living labour. The response also demonstrates that simultaneous valuation results in a violation of the principle that value can arise only from production, a principle preserved in the TSSI derivation of value.
1999-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6713/1/MPRA_paper_6713.pdf
Freeman, Alan (1999): Between Two World Systems: A Response to David Laibman. Published in: Research in Political Economy No. 17 (April 1999): pp. 241-248.
en
oai:mpra.ub.uni-muenchen.de:6715
2019-09-26T22:05:50Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423132
7375626A656374733D42:4230
7375626A656374733D42:4231:423134
7375626A656374733D41:4131
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6715/
Two Concepts of Value, Two Rates of Profit, Two Laws of Motion
Freeman, Alan
Kliman, Andrew
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
B0 - General
B14 - Socialist ; Marxist
A1 - General Economics
B50 - General
B24 - Socialist ; Marxist ; Sraffian
Article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 18, pp241-48. Stanford, CT: JAI Press.
(http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description)
Responds to debate initiated in Research in Political Economy 17
(http://www.elsevier.com/wps/find/bookdescription.cws_home/621907/description#description)
This article formed part of a four-way exchange on the rate of profit which appeared in Research in Political Economy 17 and 18 in 1999 and 2000, between David Laibman, Duncan Foley, Andrew Kliman and Alan Freeman. This piece constituted Freeman and Kliman’s response to the contributions of Foley and Laibman, themselves a response to our reactions to Laibman’s initial critique of the Temporal Single System Interpretation (TSSI) of Marx’s value theory.
Our response establishes that both Laibman and Foley concede the fundamental point in the debate: there exist circumstances under which the rate of profit falls under cost-saving technical change, refuting Okishio’s theorem which states that the rate of profit cannot fall on these presuppositions in any circumstances.
Our response assesses the reasons that, although Okishio’s theorem has been disproved, Marxist authors are unable or unwilling to acknowledge this fact. We dissect the faulty mathematical reasoning that lies behind the following notion: ‘the temporal rate of profit may fall, but it may also rise. Since it does not inevitably fall, Okishio’s theorem holds’. In fact, Okishio’s theorem asserts that the rate of profit may never fall. Therefore, mathematically, if a case is exhibited in which, under Okishio’s assumptions, the rate of profit does fall, the theorem is thereby disproved.
Our response then establishes the general conditions under which the rate of profit does, or does not, fall.
Keywords: TSSI, MELT, value, Marx, price, profit rate, Okishio, non-equilibrium, equilibrium, money
2000-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6715/1/MPRA_paper_6715.pdf
Freeman, Alan and Kliman, Andrew (2000): Two Concepts of Value, Two Rates of Profit, Two Laws of Motion. Published in: Research in Political Economy No. 18 (April 2000): pp. 243-267.
en
oai:mpra.ub.uni-muenchen.de:6717
2019-09-28T09:26:37Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423132
7375626A656374733D42:4230
7375626A656374733D42:4231:423134
7375626A656374733D41:4131
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6717/
Rejoinder to Duncan Foley and David Laibman
Kliman, Andrew
Freeman, Alan
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
B0 - General
B14 - Socialist ; Marxist
A1 - General Economics
B50 - General
B24 - Socialist ; Marxist ; Sraffian
Article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 18, pp285-93. Stanford, CT: JAI Press.
(http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description)
Responds to debate initiated in Research in Political Economy 17
(http://www.elsevier.com/wps/find/bookdescription.cws_home/621907/description#description)
This article formed the final part of a four-way exchange on the rate of profit which appeared in Research in Political Economy 17 and 18 in 1999 and 2000, between David Laibman, Duncan Foley, Andrew Kliman and Alan Freeman. This piece constituted Kliman and Freeman’s final response to the debate around Laibman’s initial critique of the Temporal Single System Interpretation (TSSI) of Marx’s value theory.
Keywords: TSSI, MELT, value, Marx, price, profit rate, Okishio, non-equilibrium, equilibrium, money
2000-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6717/1/MPRA_paper_6717.pdf
Kliman, Andrew and Freeman, Alan (2000): Rejoinder to Duncan Foley and David Laibman. Published in: Research in Political Economy No. 18 (April 2000): pp. 285-293.
en
oai:mpra.ub.uni-muenchen.de:6722
2019-09-26T09:26:07Z
7374617475733D707562
7375626A656374733D42:4235:423530
7375626A656374733D42:4230:423030
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423132
7375626A656374733D41:4131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6722/
Geld (Money)
Freeman, Alan
B50 - General
B00 - General
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
A1 - General Economics
This is the English language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels collected works), a comprehensive critical edition of the works of Marx and Engels
The German-language version is available separately on this site
‘Geld’, entry in Historisch Kritisch Wörterbuch des Marxismus, Band 5: Gegenöffentlichkeit–Hegemonialapparat. Hamburg: Argument-Verlag, ISBN 3-88619-435-3
2004-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6722/1/MPRA_paper_6722.pdf
Freeman, Alan (2004): Geld (Money). Published in: Historisch Kritisch Wörterbuch des Marxismus, Band 5: Gegenöffentlichkeit–Hegemonialapparat. No. Band 5 (May 2004)
en
oai:mpra.ub.uni-muenchen.de:6724
2019-09-28T04:32:29Z
7374617475733D707562
7375626A656374733D42:4235:423530
7375626A656374733D42:4230:423030
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4234:423430
7375626A656374733D42:4231:423132
7375626A656374733D41:4131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6724/
Geld
Freeman, Alan
B50 - General
B00 - General
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
A1 - General Economics
This is a prepublication version of the German language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels collected works), a comprehensive critical edition of the works of Marx and Engels
The English-language version is available separately on this site
‘Geld’, entry in Historisch Kritisch Wörterbuch des Marxismus, Band 5: Gegenöffentlichkeit–Hegemonialapparat. Hamburg: Argument-Verlag, ISBN 3-88619-435-3
2004-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6724/1/MPRA_paper_6724.pdf
Freeman, Alan (2004): Geld. Published in: Historisch Kritisch Wörterbuch des Marxismus, Band 5: Gegenöffentlichkeit–Hegemonialapparat. No. Band 5 (May 2004)
de
oai:mpra.ub.uni-muenchen.de:6743
2019-09-27T11:14:02Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
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7375626A656374733D42:4231:423132
7375626A656374733D42:4230
7375626A656374733D42:4231:423134
7375626A656374733D41:4131
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6743/
Value, Price of Production and Market Price
Freeman, Alan
B51 - Socialist ; Marxian ; Sraffian
B40 - General
B12 - Classical (includes Adam Smith)
B0 - General
B14 - Socialist ; Marxist
A1 - General Economics
B50 - General
B24 - Socialist ; Marxist ; Sraffian
This entry, submitted to Philip O’Hara’s Encyclopedia of Political Economy but not included in it, contrasts the temporal and simultaneist approaches to the formation of price and its relation to value.
Keywords: price, value, transformation, Marx, TSSI, non-equilibrium, history of economic thought
2000-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6743/1/MPRA_paper_6743.pdf
Freeman, Alan (2000): Value, Price of Production and Market Price.
en
oai:mpra.ub.uni-muenchen.de:10245
2019-09-29T20:26:08Z
7374617475733D756E707562
7375626A656374733D49:4933:493330
7375626A656374733D49:4933:493331
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74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10245/
Social Quality and Precarity: Approaching New Patterns of Societal (Dis)Integration
Herrmann, Peter
van der Maesen, Laurent J.G.
I30 - General
I31 - General Welfare, Well-Being
D90 - General
Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
H70 - General
J40 - General
J00 - General
B20 - General
I00 - General
H80 - General
B24 - Socialist ; Marxist ; Sraffian
D50 - General
I0 - General
D30 - General
L10 - General
B30 - General
H00 - General
B00 - General
A10 - General
I32 - Measurement and Analysis of Poverty
A30 - General
I39 - Other
H40 - General
B40 - General
J10 - General
I38 - Government Policy ; Provision and Effects of Welfare Programs
D60 - General
The main issue of this article is to discuss the question of ‘precarity’ in the context of the theory of social quality (see Beck et al, 2001), with which to pave the way for developing further the theoretical foundation of precarity. Societal practice is the main challenge this concept tries to address. However, the danger is to introduce a new term, yet maintaining a discussion on traditional problems as poverty, marginalisation and exclusion. Our thesis is that these problems, far from being sufficiently tackled, are currently going along with and being adjunct to another challenge, namely precarity. Although the ‘old problems’ are not problems of individuals and expression of their ‘personal failure’, precarity – seen in the context of the theory of social quality – means a new stage of socialisation of the problems by further individualisation of the victims. In principle, we can say that this understanding of precarity is an expression of a further erosion of society, characterising especially periods of transformation of economic systems.
2008-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10245/1/MPRA_paper_10245.pdf
Herrmann, Peter and van der Maesen, Laurent J.G. (2008): Social Quality and Precarity: Approaching New Patterns of Societal (Dis)Integration.
en
oai:mpra.ub.uni-muenchen.de:11759
2019-09-26T15:58:14Z
7374617475733D756E707562
7375626A656374733D42:4231:423130
7375626A656374733D42:4235:423531
7375626A656374733D44:4434:443436
7375626A656374733D42:4231:423134
7375626A656374733D44:4432:443234
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11759/
A Note on Ronald Meek's 'Studies in the Labour Theory of Value'
Hagendorf, Klaus
B10 - General
B51 - Socialist ; Marxian ; Sraffian
D46 - Value Theory
B14 - Socialist ; Marxist
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
B24 - Socialist ; Marxist ; Sraffian
Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the JEL in the 70ies. Furthermore it is shown that under neoclassical assumptions the vector of marginal labour values is equal to the Sraffian vector of quantities of dated labour.
2006-09-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11759/1/MPRA_paper_11759.pdf
Hagendorf, Klaus (2006): A Note on Ronald Meek's 'Studies in the Labour Theory of Value'.
en
oai:mpra.ub.uni-muenchen.de:18501
2019-10-03T17:00:11Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D44:4432:443231
7375626A656374733D44:4434:443436
7375626A656374733D42:4231:423134
7375626A656374733D41:4131:413133
7375626A656374733D44:4434:443431
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/18501/
Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz
Hagendorf, Klaus
B51 - Socialist ; Marxian ; Sraffian
D21 - Firm Behavior: Theory
D46 - Value Theory
B14 - Socialist ; Marxist
A13 - Relation of Economics to Social Values
D41 - Perfect Competition
B24 - Socialist ; Marxist ; Sraffian
This paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced culminating in the derivation of the Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new definition of labour value which is Marxian in spirit and respects modern mathematical optimization methods not found in Marx and offers a further development and coherent interpretation of Marx's value theory. The analysis is limited to the case of the competitive firm.
2009-11-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/18501/1/MPRA_paper_18501.pdf
Hagendorf, Klaus (2009): Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz.
de
oai:mpra.ub.uni-muenchen.de:18698
2019-10-01T16:35:28Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D44:4432:443231
7375626A656374733D44:4434:443436
7375626A656374733D42:4231:423132
7375626A656374733D41:4131:413133
7375626A656374733D42:4231:423134
7375626A656374733D44:4434:443431
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/18698/
Labour Values and the Theory of the Firm: Part I: The Competitive Firm
Hagendorf, Klaus
B51 - Socialist ; Marxian ; Sraffian
D21 - Firm Behavior: Theory
D46 - Value Theory
B12 - Classical (includes Adam Smith)
A13 - Relation of Economics to Social Values
B14 - Socialist ; Marxist
D41 - Perfect Competition
B24 - Socialist ; Marxist ; Sraffian
This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter marginal analysis is introduced, culminating in the derivation of the Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new definition of labour value, which is Marxian in spirit and respects explicitly production conditions and by this becomes an integral part of modern mathematical optimization methods not found in Marx. The analysis offers a further development and coherent interpretation of Marx's value theory. The
analysis is limited to the case of the competitive firm.
2009-12-19
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/18698/1/MPRA_paper_18698.pdf
Hagendorf, Klaus (2009): Labour Values and the Theory of the Firm: Part I: The Competitive Firm.
en
oai:mpra.ub.uni-muenchen.de:19457
2019-10-01T02:03:43Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D44:4432:443231
7375626A656374733D44:4434:443436
7375626A656374733D42:4231:423134
7375626A656374733D41:4131:413133
7375626A656374733D44:4434:443431
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19457/
Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz
Hagendorf, Klaus
B51 - Socialist ; Marxian ; Sraffian
D21 - Firm Behavior: Theory
D46 - Value Theory
B14 - Socialist ; Marxist
A13 - Relation of Economics to Social Values
D41 - Perfect Competition
B24 - Socialist ; Marxist ; Sraffian
This paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced culminating in the derivation of the Labour Value Function as the supply curve of the competitive firm in terms of labour values. The analysis is based on a new definition of labour value which is Marxian in spirit and respects modern mathematical optimization methods not found in Marx and offers a further development and coherent interpretation of Marx's value theory. The analysis is limited to the case of the competitive firm.
2009-11-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19457/2/MPRA_paper_19457.pdf
Hagendorf, Klaus (2009): Arbeitswerte und die Theorie der Unternehmung. Teil I: Die Unternehmung unter vollständiger Konkurrenz.
de
oai:mpra.ub.uni-muenchen.de:19733
2019-09-27T01:04:42Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19733/
Henryk Grossmann’s Falling Rate of Profit theory of crisis: a presentation and a reply to old and new critics
Mavroudeas, Stavros
Ioannides, Alexis
B51 - Socialist ; Marxian ; Sraffian
B24 - Socialist ; Marxist ; Sraffian
Henryk Grossmann was the first Marxist economist that proposed a theory of crisis based on the Marxian law of the falling rate of profit due to the increasing organic composition of capital. This view, while initially disappointingly minotirarian, has become very popular nowadays within Marxist Political Economy. At the same time Grossmann’s theory has been severely criticised by many economists (e.g. P.Sweezy, Howard & King etc.). In this essay, first, Grossmannn’s theory is presented. Then it is reformulated so as to be comparable to the Harrod-Domar tradition of growth models. Third, older and newer critiques are being reviewed critically. Finally, it concludes by arguing that Grossmann’s theory – despite certain deficiencies to a large extent justified by its pioneering character- has a valid methodological and analytical basis. As such it is a true founder of modern theories of the falling rate of profit theory of crisis.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19733/1/MPRA_paper_19733.pdf
Mavroudeas, Stavros and Ioannides, Alexis (2006): Henryk Grossmann’s Falling Rate of Profit theory of crisis: a presentation and a reply to old and new critics. Published in: Indian Development Review , Vol. 4, No. 1 (2006)
en
oai:mpra.ub.uni-muenchen.de:25095
2019-10-03T02:21:49Z
7374617475733D707562
7375626A656374733D42:4234:423431
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25095/
Social Structures of Accumulation, Regulation Approach and stages theory
Mavroudeas, Stavros
B41 - Economic Methodology
B24 - Socialist ; Marxist ; Sraffian
The similarities between the Social Structures of Accumulation perspective and the Regulation Theory are well known and established in the relevant literature. However, most of the comparisons focus on the founding texts of both approaches. During recent years there appear to be significant developments in both these two theories. This paper studies these developments. In particular, it focuses on the issue of periodisation of capitalism and how both the founding texts and recent developments perform in this field. Particular emphasis is given on the evolution of capitalist economies in the last twenty years and the ability of the aforementioned theories to grasp them.
2006-11-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25095/1/MPRA_paper_25095.pdf
Mavroudeas, Stavros (2006): Social Structures of Accumulation, Regulation Approach and stages theory. Published in: (2006)
en
oai:mpra.ub.uni-muenchen.de:26199
2019-09-28T16:49:14Z
7374617475733D707562
7375626A656374733D42:4230
7375626A656374733D45:4531:453132
7375626A656374733D41:4131
7375626A656374733D42:4235:423533
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/26199/
试论凯恩斯主义的当代命运
Tang, Linyao
B0 - General
E12 - Keynes ; Keynesian ; Post-Keynesian
A1 - General Economics
B53 - Austrian
B24 - Socialist ; Marxist ; Sraffian
Abstract: Professor Zhang Weiying believes that the Keynesianism can’t provide the answer to solve the crisis of 2008; if the economy can be expanded as long as stimulating the demand, we have long entered the communist society. He advocates stepping up the production through the Property System and the Incentive Mechanism in the angle of the Austrian School. Meanwhile, the Nobel Economics Prize winner Paul Krugman's "the return of depression on economics and the crisis of 2008" conveys the core concept of "the return of depression on economics", which, precisely, is the idea of the revival of the Keynesianism.
2009-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/26199/1/MPRA_paper_26199.pdf
Tang, Linyao (2009): 试论凯恩斯主义的当代命运. Published in: Journal of Southwest University for Nationalities , Vol. Vol.30, No. ISSN1004-3926 (August 2009): pp. 186-188.
zh
oai:mpra.ub.uni-muenchen.de:27023
2019-10-01T10:39:37Z
7374617475733D756E707562
7375626A656374733D42:4233:423331
7375626A656374733D42:4232:423239
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/27023/
La variazione dei prezzi relativi da Ricardo a Sraffa
Iacono, Roberto
B31 - Individuals
B29 - Other
B24 - Socialist ; Marxist ; Sraffian
In the 1960, when “Production of commodities by means of commodities” by Piero Sraffa was published, the theoretical debate in economics was dominated by the keynesian and neoclassical economists. The theory of value and distribution of the classical economists had been abandoned. Sraffa recalls this theory in his book, providing a new rigorous formulation of the surplus approach and creating the framework which will serve as a basis for future critiques of the marginalist approach.
The crucial issue is the theoretical formulation of the change in relative prices with respect to changes in the distribution of income. The scope of this paper is to shed light on the historical development of this aspect of the theory. At first I will reconsider the work done by D.Ricardo, subsequently the innovations brought by Sraffa will be analyzed, with their implications for the capital controversy debate and the general critique to the neoclassic theory of value.
2005-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/27023/2/MPRA_paper_27023.pdf
Iacono, Roberto (2005): La variazione dei prezzi relativi da Ricardo a Sraffa.
it
oai:mpra.ub.uni-muenchen.de:30452
2019-09-29T05:55:20Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/30452/
The temporal single-system interpretation: underdetermination and inconsistency
Mohun, Simon
Veneziani, Roberto
B24 - Socialist ; Marxist ; Sraffian
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.
2009
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/30452/1/MPRA_paper_30452.pdf
Mohun, Simon and Veneziani, Roberto (2009): The temporal single-system interpretation: underdetermination and inconsistency.
en
oai:mpra.ub.uni-muenchen.de:30864
2019-09-26T20:59:38Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4232:423234
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/30864/
A future for (analytical) Marxism?
Veneziani, Roberto
B51 - Socialist ; Marxian ; Sraffian
B24 - Socialist ; Marxist ; Sraffian
B41 - Economic Methodology
Andrew Levine analyses the theoretical legacy of recent Marxist schools, focusing in particular on analytical Marxism (AM). He argues that AM is uniquely suited to provide the foundations for a revival of Marxist theory. In this paper, Levine’s reconstruction of the core of Marxism and his analysis of the trajectory of AM are critically discussed. Although the theoretical contribution of AM should not be overlooked, some objectionable methodological and theoretical tenets of AM, and in particular of Rational Choice Marxism, are discussed, which help to explain the demise of the school. Various directions for further research are suggested, which emphasise the importance of structural constraints and endogenous preferences.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/30864/1/MPRA_paper_30864.pdf
Veneziani, Roberto (2006): A future for (analytical) Marxism?
en
oai:mpra.ub.uni-muenchen.de:31355
2019-09-27T10:32:52Z
7374617475733D707562
7375626A656374733D42:4231:423130
7375626A656374733D45:4533:453332
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/31355/
Kondratiev, Marx and the long cycle
Papageorgiou, Aris
Tsoulfidis, Lefteris
B10 - General
E32 - Business Fluctuations ; Cycles
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
Abstract
This paper begins with a critical presentation of Kondratiev’s (1926) seminal paper on the question of the existence as well as his theoretical explanation of long cyclical fluctuations of the level of economic activity. Furthermore we argue that a coherent explanation of long-run fluctuations can be based upon Marx’s argument in Capital III, whereby the falling long-run tendency of the rate of profit leads to a stagnant mass of net profits, which are associated with the onset of economic crisis. The paper concludes with a discussion of the similarities or differences and of the relative merits or weaknesses of Kondratiev’s and Marx’s views with respect to their visions of the long term evolution of the capitalist system.
2006-06-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/31355/1/MPRA_paper_31355.pdf
Papageorgiou, Aris and Tsoulfidis, Lefteris (2006): Kondratiev, Marx and the long cycle. Published in: Indian Development Review , Vol. 4, No. 2 (11 December 2006)
en
oai:mpra.ub.uni-muenchen.de:34666
2019-09-28T08:47:11Z
7374617475733D756E707562
7375626A656374733D42:4231:423130
7375626A656374733D42:4235:423531
7375626A656374733D44:4434:443436
7375626A656374733D42:4231:423134
7375626A656374733D44:4432:443234
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/34666/
The labour theory of value: a marginal analysis
Hagendorf, Klaus
B10 - General
B51 - Socialist ; Marxian ; Sraffian
D46 - Value Theory
B14 - Socialist ; Marxist
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
B24 - Socialist ; Marxist ; Sraffian
The difficulties of the classical and Marxian labour theory of value are overcome when labour value is understood as cost, analogously to marginal cost as marginal labour value. Marginal labour value is the reciprocal of the marginal productivity of labour. Under “perfect ompetition” relative prices are equal to the ratio of marginal labour values. Indeed, Pareto-optimality implies the validity of the labour theory of value. But it is shown that, in principle, a capitalist system can never be in a Pareto-optimal state. To assure a maximum productivity of labour, and therefore minimum socially necessary labour values, society has to overcome capitalism and organise the formation and control over capital collectively. This article presents the marginal approach to the labour theory of value.
2008-08-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/34666/2/MPRA_paper_34666.pdf
Hagendorf, Klaus (2008): The labour theory of value: a marginal analysis.
en
oai:mpra.ub.uni-muenchen.de:35493
2019-10-02T10:07:09Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D44:4435:443537
7375626A656374733D44:4433:443330
7375626A656374733D43:4336:433637
7375626A656374733D45:4531:453131
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/35493/
The rate of profit in the Greek economy 1988-1997. an input-output analysis
Mariolis, Theodore
Rodousakis, Nikolaos
Tsoulfidis, Lefteris
B51 - Socialist ; Marxian ; Sraffian
D57 - Input-Output Tables and Analysis
D30 - General
C67 - Input-Output Models
E11 - Marxian ; Sraffian ; Kaleckian
B24 - Socialist ; Marxist ; Sraffian
The evolution of the rate of profit reflects both changes in income distribution and technical conditions of production. The purpose of this paper is to present estimates of the rate of profit for the Greek economy using input-output data spanning the period 1988-1997 and, at the same time, to decompose the evolution of the rate of profit to its constituent components. These estimations are carried out in terms of (i) market prices; (ii) labour values; and (iii) prices of production.
2006-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/35493/1/MPRA_paper_35493.pdf
Mariolis, Theodore and Rodousakis, Nikolaos and Tsoulfidis, Lefteris (2006): The rate of profit in the Greek economy 1988-1997. an input-output analysis. Published in: Archives of Economic History , Vol. 18, No. 2 (December 2006): pp. 177-190.
en
oai:mpra.ub.uni-muenchen.de:38387
2019-09-26T10:04:27Z
7374617475733D756E707562
7375626A656374733D42:4232:423231
7375626A656374733D4C:4C31:4C3131
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423135
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/38387/
Competition
Salvadori, Neri
Signorino, Rodolfo
B21 - Microeconomics
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
B14 - Socialist ; Marxist
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B15 - Historical ; Institutional ; Evolutionary
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
This is an entry produced for the Handbook of the History of Economic Analysis, edited by Gilbert Faccarello and Heinz D. Kurz (eds). Volume 3. Cheltenham, UK and Northampton, MA, USA: Edward Elgar, forthcoming.
We analyze competition as rivarly in a race, as a specific market structure, and as a discovery procedure. We also explore the relation of competition with class struggle and competition policy.
2011-04-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/38387/1/MPRA_paper_38387.pdf
Salvadori, Neri and Signorino, Rodolfo (2011): Competition.
en
oai:mpra.ub.uni-muenchen.de:40991
2019-09-29T04:36:42Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/40991/
El excedente económico
Ávalos, Eloy
B51 - Socialist ; Marxian ; Sraffian
B12 - Classical (includes Adam Smith)
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
In the present paper will work analytically the category of economic surplus. It will use the theoretical framework of technology system developed by Leontief to expose a clear form as to distinguish it from other concepts such as the net product.
2011-03-22
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/40991/1/MPRA_paper_40991.pdf
Ávalos, Eloy (2011): El excedente económico.
es
oai:mpra.ub.uni-muenchen.de:40993
2019-09-28T04:53:12Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/40993/
La teoría clásica de la renta y de la distribución
Ávalos, Eloy
B12 - Classical (includes Adam Smith)
B24 - Socialist ; Marxist ; Sraffian
This paper will discuss the classical theory of income developed by David Ricardo to understand not only its origin, also the role it plays in the stagnation of capitalist development. Also, since it will clarify the factors behind economic surplus allocation between social classes. In our analysis we follow Benetti, using the Leontief’s technological scheme.
2011-03-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/40993/1/MPRA_paper_40993.pdf
Ávalos, Eloy (2011): La teoría clásica de la renta y de la distribución.
es
oai:mpra.ub.uni-muenchen.de:43484
2019-10-04T04:45:11Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D45:4530
7375626A656374733D42:4233:423331
7375626A656374733D43:4330
7375626A656374733D42:4234
7375626A656374733D4E:4E30:4E3030
7375626A656374733D45:4531
7375626A656374733D42:4235:423532
7375626A656374733D4E:4E30
7375626A656374733D43:4330:433032
7375626A656374733D42:4232:423234
7375626A656374733D42:4235
7375626A656374733D45:4533
7375626A656374733D42:4230
7375626A656374733D4B:4B30
7375626A656374733D43:4330:433030
7375626A656374733D43:4335
7375626A656374733D4B:4B30:4B3030
7375626A656374733D42:4235:423530
7375626A656374733D44:4434
7375626A656374733D41:4131:413130
7375626A656374733D44:4430
7375626A656374733D43:4335:433533
7375626A656374733D42:4234:423430
7375626A656374733D41:4131:413133
7375626A656374733D41:4131:413132
7375626A656374733D42:4235:423539
7375626A656374733D43:4332:433232
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43484/
Predicting crises: Five essays on the mathematic prediction of economic and social crises
Albers, Scott
B51 - Socialist ; Marxian ; Sraffian
E0 - General
B31 - Individuals
C0 - General
B4 - Economic Methodology
N00 - General
E1 - General Aggregative Models
B52 - Institutional ; Evolutionary
N0 - General
C02 - Mathematical Methods
B24 - Socialist ; Marxist ; Sraffian
B5 - Current Heterodox Approaches
E3 - Prices, Business Fluctuations, and Cycles
B0 - General
K0 - General
C00 - General
C5 - Econometric Modeling
K00 - General
B50 - General
D4 - Market Structure, Pricing, and Design
A10 - General
D0 - General
C53 - Forecasting and Prediction Methods ; Simulation Methods
B40 - General
A13 - Relation of Economics to Social Values
A12 - Relation of Economics to Other Disciplines
B59 - Other
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
D00 - General
B41 - Economic Methodology
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic progression of events which may be analyzed according to a set formula. The model proposed demonstrates that the citizen’s individual “consciousness” is writ large in the macro-economic statistics of this unique economy and thereby made available for inspection at other levels of reality.
2012-12-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43484/1/MPRA_paper_43484.pdf
Albers, Scott (2012): Predicting crises: Five essays on the mathematic prediction of economic and social crises. Published in: Middle East Studies On-line Journal , Vol. Volume, No. Issue 6 (8 August 2011): pp. 199-253.
en
oai:mpra.ub.uni-muenchen.de:43898
2019-10-09T16:42:23Z
7374617475733D707562
7375626A656374733D42:4233:423331
7375626A656374733D42:4233:423332
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43898/
L'utopia della ragione in Claudio Napoleoni (1924-1988)
Cavalieri, Duccio
B31 - Individuals
B32 - Obituaries
B24 - Socialist ; Marxist ; Sraffian
This article is an obituary, in memoriam of professor Claudio Napoleoni, an economist and politician.
1988
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43898/1/MPRA_paper_43898.pdf
Cavalieri, Duccio (1988): L'utopia della ragione in Claudio Napoleoni (1924-1988). Published in: Quaderni di storia dell'economa politica , Vol. 6, No. 2 (1988): pp. 3-24.
it
oai:mpra.ub.uni-muenchen.de:43999
2019-09-26T14:06:26Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4232:423231
7375626A656374733D4C:4C31:4C3131
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43999/
Classical vs. Neoclassical Conceptions of Competition
Tsoulfidis, Lefteris
B51 - Socialist ; Marxian ; Sraffian
B21 - Microeconomics
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
B14 - Socialist ; Marxist
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
B53 - Austrian
This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their market shares at the expense of their competitors. This dynamic view of competition characterizes mainly the works of Smith, Ricardo, J.S. Mill and Marx; a similar view can be also found in the writings of Austrian economists and the business literature. By contrast, the neoclassical conception of competition is derived from the requirements of a theory geared towards static equilibrium and not from any historical observation of the way in which firms actually organize and compete with each other.
2011-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43999/3/MPRA_paper_43999.pdf
Tsoulfidis, Lefteris (2011): Classical vs. Neoclassical Conceptions of Competition.
en
oai:mpra.ub.uni-muenchen.de:44191
2019-09-26T23:26:06Z
7374617475733D756E707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4232:423234
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/44191/
The Oomph in economic philosophy: a bibliometric analysis of the main trends, from the 1960s to the present
Yalcintas, Altug
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B24 - Socialist ; Marxist ; Sraffian
B41 - Economic Methodology
In this essay, I quantitatively analyze the significance of scholarship in economic philosophy since the 1960s. In order to do so, I examine, through the number of publications and citations, the evolution of the main trends in economic philosophy over a fifty years period. This paper will develop a better conception of how the pathways of major debates, in particular rhetoric of economics (RoE) versus realism in economics (RiE), helped economic philosophy achieve its present status in economics. Viewed through this lens, it is clear that the main trends in the recent history of the discipline have emerged out of the concerns of non-mainstream economists since the 1980s.
2013
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/44191/1/MPRA_paper_44191.pdf
Yalcintas, Altug (2013): The Oomph in economic philosophy: a bibliometric analysis of the main trends, from the 1960s to the present.
en
oai:mpra.ub.uni-muenchen.de:44897
2019-09-27T16:39:07Z
7374617475733D707562
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/44897/
Sfruttamento, alienazione e astrazione del lavoro: una nota
Cavalieri, Duccio
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
This is a note on labour exploitation and alienation in the economic thought of Marx and Napoleoni. It is a comment on a previous article on the subject by Riccardo Bellofiore.
1997
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/44897/1/MPRA_paper_44897.pdf
Cavalieri, Duccio (1997): Sfruttamento, alienazione e astrazione del lavoro: una nota. Published in: Trimestre , Vol. 30, No. 1 (1997): pp. 99-112.
it
oai:mpra.ub.uni-muenchen.de:48306
2019-09-27T08:59:04Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D45:4531:453131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48306/
Capital's Pons Asinorum: the Rate of Turnover in Karl Marx's Analysis of Capitalist Valorisation
Passarella, Marco
Baron, Hervé
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
E11 - Marxian ; Sraffian ; Kaleckian
This article aims to shed light on the role played by the ‘rate of turnover’ of capital within the Marxian analysis of the working laws of capitalism. Oddly enough, that concept has been neglected by the most part of Karl Marx’s scholars and exegetes, as is demonstrated proved by the small number of scientific works dealing with it. Yet, the rate of turnover plays a crucial role in Marx’s economic thought, since it allows Marx to address the impact of the improvement in finance, transportation and means of communication on the capitalist process of creation (and realization) of surplus-value. As we are going to show, the new manuscripts from the MEGA2 philological edition of Marx’s writings may provide some useful insights. Against this background, the goal of the paper is twofold: first, to bridge the gap in the literature concerning the economic thought of Marx; second, to provide a rigorous (and general) definition of the notion of the ‘rate of turnover’ of capital. This will also allow us: to redefine the concept of the ‘annual rate of profit’; to define a new linked concept – that is, the ‘temporal composition of capital’; and to add a further element in the debate on the counter-tendencies to the law of the tendential fall in the general rate of profit.
2013-05-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48306/1/MPRA_paper_48306.pdf
Passarella, Marco and Baron, Hervé (2013): Capital's Pons Asinorum: the Rate of Turnover in Karl Marx's Analysis of Capitalist Valorisation.
en
oai:mpra.ub.uni-muenchen.de:48646
2019-09-28T13:04:09Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4233
7375626A656374733D42:4235
7375626A656374733D42:4235:423530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48646/
Trends in Value Theory since 1881
Freeman, Alan
B24 - Socialist ; Marxist ; Sraffian
B3 - History of Economic Thought: Individuals
B5 - Current Heterodox Approaches
B50 - General
Abstract:
This is a prepublication version of an article which originally appeared in the World Review of Political Economy. Please cite as Freeman, A. 2010. ‘Trends in Value Theory since 1881’, World Review of Political Economy Volume 1 No. 4, Fall 2010. pp567-605.
The article surveys the key ideas and currents of thinking about Marx’s value theory since he died. It does so by studying their evolution, in their historical context, through the lens of the Temporal Single System Interpretation (TSSI) of Marx’s ideas, an approach to Marx’s theory of value which has secured significant attention in recent years. The article explains the TSSI and highlights the milestones which led to the evolution of its key concepts.
2010-12-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48646/1/MPRA_paper_48646.pdf
Freeman, Alan (2010): Trends in Value Theory since 1881. Published in: World Review of Political Economy , Vol. 1, No. 4 (30 December 2010): pp. 567-605.
en
oai:mpra.ub.uni-muenchen.de:48961
2019-09-26T10:11:29Z
7374617475733D756E707562
7375626A656374733D41:4131:413131
7375626A656374733D41:4131:413132
7375626A656374733D41:4131:413133
7375626A656374733D42:4232:423234
7375626A656374733D42:4233:423331
7375626A656374733D42:4234:423431
7375626A656374733D50:5031
7375626A656374733D50:5031:503130
7375626A656374733D50:5035:503531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48961/
The Money of the Mind and the God of Commodities – The real abstraction according to Sohn-Rethel
Cardoso Machado, Nuno Miguel
A11 - Role of Economics ; Role of Economists ; Market for Economists
A12 - Relation of Economics to Other Disciplines
A13 - Relation of Economics to Social Values
B24 - Socialist ; Marxist ; Sraffian
B31 - Individuals
B41 - Economic Methodology
P1 - Capitalist Systems
P10 - General
P51 - Comparative Analysis of Economic Systems
According to Sohn-Rethel there is a “secret identity” between commodity form and thought form. Commodity exchange is a real abstraction – embodied in money – and constitutes a social a priori which reflects itself in the conceptual abstraction, i.e., in the abstract thought typical of commodity-producing societies: philosophy (in ancient Greece) and modern science (in capitalism). However, the theory of Sohn-Rethel has a fundamental flaw: its exclusive identification of the real abstraction with the sphere of circulation results in the ontologization of labor which, on the contrary, is a capitalist specificity and the original source of the abstraction in this society.
2013
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48961/1/MPRA_paper_48961.pdf
Cardoso Machado, Nuno Miguel (2013): The Money of the Mind and the God of Commodities – The real abstraction according to Sohn-Rethel.
en
oai:mpra.ub.uni-muenchen.de:50064
2019-09-27T09:25:18Z
7374617475733D707562
7375626A656374733D42:4231
7375626A656374733D42:4231:423134
7375626A656374733D42:4232
7375626A656374733D42:4232:423234
7375626A656374733D42:4235
7375626A656374733D50:5035
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/50064/
Hilferding over Marx: A Political Economy Viewpoint of Struggles in the Left 1900-1933 and the Modern Revival
Stravelakis, Nikos
B1 - History of Economic Thought through 1925
B14 - Socialist ; Marxist
B2 - History of Economic Thought since 1925
B24 - Socialist ; Marxist ; Sraffian
B5 - Current Heterodox Approaches
P5 - Comparative Economic Systems
Abstract: Recent heterodox economic literature makes reference to Hilferding’s “Finance Capital” and Lenin’s “Imperialism” as early insights on the phenomenon of Financialization of capital. In this regard ideas which became dominant in the left during the first decades of the previous century are applied in the explanation of the current crisis, as well as the understanding of contemporary capitalism from a methodological, analytical and political standpoint. This paper traces the underlying argument of the Monopoly model and its main political applications in the first three decades of the 20th century, in an effort to draw rough historical analogies with its revival in contemporary literature. It is argued that the Hilferding model, from which Lenin’s ”Imperialism” is derived, has very little or nothing to do with Marx’s economics but much to do with the neoclassical theory of Monopoly and Oligopoly. This theoretical association abolishes labor value theory from the analytical framework and with it any possibility of inherent breakdown (depression) in capitalist accumulation. Consequently political economy was pushed to the background and the confrontations between Lenin and Kautsky and subsequently Trotsky, Bukharin and Stalin were fought around political and geopolitical considerations a factor which played important part in the outcome. But the most astonishing historical fact is that the revolutionary flood which shook Europe until 1930 gave place to the dominance of the extreme right when circumstances were most favorable for the left in the years of the “great depression”. Drawing from this it is argued further that the main analogy between the 1930s’ and the present is that both back then and now the left is attempting to intervene in a depression environment without a depression theory. Disproportional growth between sectors was the cause of crisis in Hilferding, a contradiction which under the dominance of “Finance Capital” would be resolved and capitalism would move to an “organized stage”. In the same fashion disproportional growth of the financial sector relative to the corporate sector, which emerged following the “great stagflation”, is the cause of the present crisis for contemporary heterodox literature. Crisis can be resolved through state regulation in this line of thought, since Financialization of capital is understood independently from the inherent contradictions of profit motivated growth. In the absence of a depression theory this part of heterodox economics has drifted in a “witch hunt” on whether capital will resolve the crisis introducing a new era of “regulated capitalism” or power shifts in favor of financial capital will preserve the present state of affairs. In the meantime, economic policy suggestions and the political agenda is surrendered in the hands of mainstream economics and right wing politics.
2013-08-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/50064/1/MPRA_paper_50064.pdf
Stravelakis, Nikos (2013): Hilferding over Marx: A Political Economy Viewpoint of Struggles in the Left 1900-1933 and the Modern Revival. Published in: 6th PHD Conference in Economics Department of Economics UOA (17 September 2013)
en
oai:mpra.ub.uni-muenchen.de:52179
2019-09-27T11:18:11Z
7374617475733D756E707562
7375626A656374733D42:4230:423030
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D43:4335:433530
7375626A656374733D45:4531:453132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52179/
Causality and interdependence in Pasinetti's works and in the modern classical approach
Bellino, Enrico
Nerozzi, Sebastiano
B00 - General
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
C50 - General
E12 - Keynes ; Keynesian ; Post-Keynesian
The formal representation of economic theories normally takes the form of a model, that is, a system of equations which connect the endogenous variables with the values of the parameters which are taken as given. Sometimes, it is possible to identify one or more equations which are able to determine a subset of endogenous variables priorly and independently of the other equations and of the value taken by the remaining variables of the system. The first group of equations and variables are thus said to determine causally the remaining variables. In Pasinetti’s works this notion of causality has often been emphasized as a formal property having the burden to convey some deep economic meaning. In this work, we will go through those Pasinetti’s works where this notion of causality plays a central role, with the purpose to contextualize it within the econometric debate of the Sixties, to enucleate its economic meaning and to show its connections with other fields of the modern classical approach.
2013-12-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52179/1/MPRA_paper_52179.pdf
Bellino, Enrico and Nerozzi, Sebastiano (2013): Causality and interdependence in Pasinetti's works and in the modern classical approach.
en
oai:mpra.ub.uni-muenchen.de:52625
2019-09-27T06:53:39Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4233
7375626A656374733D42:4235
7375626A656374733D42:4235:423530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52625/
The Profit Rate in the Presence of Financial Markets: a Necessary Correction
Freeman, Alan
B24 - Socialist ; Marxist ; Sraffian
B3 - History of Economic Thought: Individuals
B5 - Current Heterodox Approaches
B50 - General
This is a prepublication version of the article by the same name in the Journal of Australian Political Economy. It should be cited as “Freeman, A. 2012 'The Profit Rate in the Presence of Financial Markets: a Necessary Correction'. Journal of Australian Political Economy, Number 70, Summer 2012, pp 167-192”
In the past two decades the number, variety, and monetary value of marketable financial instruments have grown by orders of magnitude. While traditional equities have certainly grown in number and value, the greatest growth has taken place in securities since the turn to securitized lending in the 1970s. This is probably the single most significant development in what many writers term ‘financialisation’.
This article argues that these assets, when they function as money-capital, enter into the equalization of the rate of profit. They constitute part of the capital advanced by the capitalist class as a whole and should therefore be included in the denominator of the rate of profit.
In the two main world financial markets at least – the UK and the US - The resulting measures of the rate of profit reveal a general, systematic and virtually uninterrupted decline in the rate of profit in these countries since the late 1960s.
The paper then re-examines the definition of the rate of profit found in Marx’s writings on the subject and argues that it confirms the inclusion of financial instruments in both the concept and measure of the general rate of profit as defined by Marx.
2012-07-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52625/1/MPRA_paper_52625.pdf
Freeman, Alan (2012): The Profit Rate in the Presence of Financial Markets: a Necessary Correction. Published in: Journal of Australian Political Economy No. 70 (30 July 2012): pp. 167-192.
en
oai:mpra.ub.uni-muenchen.de:52723
2019-10-13T15:00:19Z
7374617475733D707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423230
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52723/
The Case for Simplicity: a Paradigm for the Political Economy of the 21st Century
Freeman, Alan
B12 - Classical (includes Adam Smith)
B14 - Socialist ; Marxist
B20 - General
B24 - Socialist ; Marxist ; Sraffian
This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers.
I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I have made one correction to the numbers in the table at the top of page 7, which is footnoted on page 8. Thanks to Antionio Bernardeschi for pointing out this mistake.
The text has been reformatted, and some minor spelling mistakes have been corrected. It is the same as the original in all other respects and can safely be used as a reference copy. It should be cited as “Freeman, A. 2001. ‘The Case for Simplicity’ in Freeman, A., Andrew Kliman and Julian Wells (eds) 2001. The New Value Controversy in Economics. Cheltenham: Edward Elgar. pp55-66.”
2001-04-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52723/1/MPRA_paper_52723.pdf
Freeman, Alan (2001): The Case for Simplicity: a Paradigm for the Political Economy of the 21st Century. Published in: The New Value Controversy (1 April 2001): pp. 55-66.
en
oai:mpra.ub.uni-muenchen.de:52805
2019-10-14T07:04:06Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D42:4234:423430
7375626A656374733D42:4235:423530
7375626A656374733D42:4235:423531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52805/
Simultaneous and Temporal Valuation Contrasted
Freeman, Alan
Kliman, Andrew
B12 - Classical (includes Adam Smith)
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
B40 - General
B50 - General
B51 - Socialist ; Marxian ; Sraffian
This joint paper was presented to the Marx International II conference in Paris, 30th September-2nd October 1998. It sets out the principal propositions of the Temporal Single System Interpretation of Marx’s theory of value in a systematic and comprehensive way, making it a reference document of this school of thought. It establishes many theorems that underpin subsequent debates, for example
(1) An early systematic refutation of the Fundamental Marxist Theorem (FMT) for the simultaneous interpretation and a demonstration that this yields negative profits with positive surplus value under quite normal conditions of capitalist reproduction;
(2) An explanation of why simultaneous valuation cannot support Marx’s theory of the tendency of the rate of profit to fall whilst temporal valuation does;
(3) A demonstration that under simultaneous valuation, the value of the product is not in general equal to the time of labour whereas under the temporal interpretation it is always so.
The remainder of this paper is taken directly from the original except where defunct web links have been amended or removed. The original abstract has been included as part of the paper.
(Original Abstract:)
Contrary to popular belief, under simultaneous valuation - the universal official definition of value - exploitation (surplus-labor) is neither necessary nor sufficient for profit to exist. Surplus-labour cannot therefore be the sole source of profit, if the official definition of Marx’s values is accepted.
We show this, and then present an alternative interpretation of Marx's value theory - the “temporal single-system” interpretation, according to which exploitation is indeed the sole source of profit, that is, it is a necessary and sufficient condition for profit. We also show that other important “errors” attributed to Marx no longer exist under this interpretation.
A universal claim of economics - that simultaneous valuation represents Marx’s own value theory - is invalidated by these two findings. All conclusions and debates concerning “Marx’s” theory that have hitherto been treated as settled must therefore be re-examined, since they apply not to Marx’s theory but to a different theory, advanced in the 20th Century in a continuous tradition passing from von Bortkiewicz, via Sweezy, Seton, Morishima, and others to Sraffa and his successors. This tradition is a valid contribution to economics, but it is illegitimate to conclude from its acknowledged defects that Marx’s own theory is erroneous, inadequate, flawed, or superseded.
On the other hand, many of the most puzzling yet empirically evident features of modern capitalism are explained better than by such value categories. These include cyclic crisis as an endogenous consequence of accumulation, growing inequality between nations, the social regress which generally accompanies technical progress, and liquidity preference, re-interpreted as a dynamic consequence of value movement in a money economy.
Economics’ refusal to discuss - indeed, its effective suppression of - a coherent theoretical approach which successfully interprets real-world phenomena that mainstream theory cannot account for, means that it cannot be considered a scientific discipline and its claims to authority as a source of objective truth cannot be accepted.
1998-09-23
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52805/1/MPRA_paper_52805.pdf
Freeman, Alan and Kliman, Andrew (1998): Simultaneous and Temporal Valuation Contrasted.
en
oai:mpra.ub.uni-muenchen.de:52837
2019-09-30T15:06:27Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D42:4234
7375626A656374733D42:4235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52837/
Marx: The Spectre Haunting Economics
Freeman, Alan
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
B4 - Economic Methodology
B5 - Current Heterodox Approaches
This paper was presented to the 1998 conference of the Brazil Society for Political Economy. Two short sections are flagged for later incorporation, and this never happened so the article is until now unpublished. The ground these were to address is fully covered elsewhere, however this text contains material that does not exist anywhere else, so for the record I am depositing it with Repec.
The original abstract follows:
The paper examines the present state of the discipline of economics in the light of Marx's Critique of political economy. Marx's dedication to the study of economic theory is without parallel in the history of the subject; yet, in the work of the economists of today, he receives less attention than in any other subject. Moreover the profession's unanimous official teaching, repeated tirelessly and dogmatically for most of this century, is that Marx's development of the classical theory of value leads irrevocably into contradiction, that therefore the further development of this theory is fruitless and the only alternative is its current orthodoxy.
This state of affairs is called into question by an internal crisis of economics, provoked by a combination of two factors: the appalling failure of its official remedies, and the political defeat of Keynesianism. Major international institutions such as UNCTAD, the World Bank and the IMF are in open conflict over their predictions and recommendations concerning globalisation; the profession itself faces a growing body of internal criticism, and heterodox economic associations are flourishing. The abandonment of Keynesian economic remedies, the consequent loss of influence by economics in policy-making circles, and the relegation of economics to the status of an ancillary of banking and commerce, has accelerated this crisis. The large body of economists displaced from positions of influence at the ears of governments have been reflecting more carefully than before on the transitory nature of market phenomena.
This paper proposes a materialist analysis of the theory and practice of academic economics, the body of thought which Marx dubbed the 'graveyard of economics'. It proposes to subject the claim of the profession to be acting as a science to a rigorous theoretical enquiry, examining both its reaction to the empirical facts of its failures, and the manner in which its theoretical categories express the material interests to which it is subjected. The aim is not dismiss the profession and its products as simple apologetics, but to uncover the internal structure of its thought and to propose an alternative, critical standard of scientific conduct for economic enquiry under a market economy.
1998-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52837/1/MPRA_paper_52837.pdf
Freeman, Alan (1998): Marx: The Spectre Haunting Economics.
en
oai:mpra.ub.uni-muenchen.de:58527
2019-09-27T16:55:34Z
7374617475733D756E707562
7375626A656374733D42:4232
7375626A656374733D42:4232:423234
7375626A656374733D42:4233:423331
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7375626A656374733D50:5032:503236
7375626A656374733D50:5033:503331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/58527/
El Papel de los Muertos en el Cerebro de los Vivos: Metáforas en las Revoluciones Francesas (1789-99, 1848-51, 1870-71), Iraní (1977-81) y Bolchevique (1917-1924).
Estrada, Fernando
B2 - History of Economic Thought since 1925
B24 - Socialist ; Marxist ; Sraffian
B31 - Individuals
B41 - Economic Methodology
D87 - Neuroeconomics
F51 - International Conflicts ; Negotiations ; Sanctions
F52 - National Security ; Economic Nationalism
N10 - General, International, or Comparative
P2 - Socialist Systems and Transitional Economies
P26 - Political Economy ; Property Rights
P31 - Socialist Enterprises and Their Transitions
This paper work assesses the key aspects of a framework for research on revolutions. Our approach includes a heuristic based on an idea suggested by Marx in the 18th Brumaire of Louis Bonaparte: “The tradition of all dead generations weighs like a nightmare on the brain of the living”. From this maxim of Marx advance on conventional interpretations by postulating that the language and metaphors are a challenge in several respects: (1) The brain is a physical basis for understanding key political revolutions, (2) advances in neuroscience and language (Lakoff/Johnson/Narayanan) have allowed the reconstruction of conceptual frameworks in various fields, including philosophy, mathematics and politics (3) The language expressed in songs, text, flags, emblems, illustrations, slogans, speeches and rumors is key to represent and demonstrate loyalty to the idea of revolution and, more crucially, to “make” the revolution, (4) Metaphors are a powerful rational action in revolutionary processes. One interpretation of these can contribute to decipher, for example, how the brain are activated in neural systems that link past and present, how to operate the symbolic frameworks of language to influence political opinion, how metaphors interact with processes artificial simulation or how metaphors evolve in a revolution from simple metaphors.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/58527/1/MPRA_paper_58527.pdf
Estrada, Fernando (2014): El Papel de los Muertos en el Cerebro de los Vivos: Metáforas en las Revoluciones Francesas (1789-99, 1848-51, 1870-71), Iraní (1977-81) y Bolchevique (1917-1924).
es
oai:mpra.ub.uni-muenchen.de:60577
2019-09-27T04:47:25Z
7374617475733D707562
7375626A656374733D41:4131:413130
7375626A656374733D42:4231
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D45:4531:453131
7375626A656374733D4F:4F35:4F3532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60577/
The ‘new golden age of accumulation’, the new depression and the greek economy
Tsoulfidis, Lefteris
A10 - General
B1 - History of Economic Thought through 1925
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
E11 - Marxian ; Sraffian ; Kaleckian
O52 - Europe
The purpose of this paper is to delve into the deeper causes of the current crisis and its detailed manifestation in the case of the Greek economy. The major argument of the paper is that the root cause of the crisis is fundamentally identified in the declining profitability which past a point leads to a stagnant mass of real net profits thereby discouraging investment spending and leading to rising unemployment. In the case of the Greek economy, this crisis of profitability has been aggravated by the contraction of its major productive activities, that is, manufacturing and agriculture. The contraction of these activities not only worsened the crisis but furthermore paved the way for the development of different forms of its expression; that is, mounting debt and unprecedented high rates of unemployment bringing the whole society into a stalemate.
2013-06-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60577/1/MPRA_paper_60577.pdf
Tsoulfidis, Lefteris (2013): The ‘new golden age of accumulation’, the new depression and the greek economy. Published in: Social Cohesion and Development , Vol. 8, No. 1 (1 June 2013): pp. 5-23.
en
oai:mpra.ub.uni-muenchen.de:60682
2019-09-27T12:22:02Z
7374617475733D756E707562
7375626A656374733D42:4231
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423135
7375626A656374733D42:4231:423136
7375626A656374733D42:4232:423232
7375626A656374733D42:4232:423233
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D42:4235:423532
7375626A656374733D43:4332:433231
7375626A656374733D43:4332:433232
7375626A656374733D43:4338:433832
7375626A656374733D45:4536:453632
7375626A656374733D45:4536:453634
7375626A656374733D48:4832:483233
7375626A656374733D48:4832:483236
7375626A656374733D4E:4E31
7375626A656374733D4F:4F31
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60682/
Thomas Piketty’s Capital in the 21st Century
Estrada, Fernando
B1 - History of Economic Thought through 1925
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B15 - Historical ; Institutional ; Evolutionary
B16 - Quantitative and Mathematical
B22 - Macroeconomics
B23 - Econometrics ; Quantitative and Mathematical Studies
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
B52 - Institutional ; Evolutionary
C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access
E62 - Fiscal Policy
E64 - Incomes Policy ; Price Policy
H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies
H26 - Tax Evasion and Avoidance
N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations
O1 - Economic Development
This review of the book by Thomas Piketty, The capital in the XXI century, presents the central themes of the work and exposes its scope on the relationship between inequality and wealth. In particular a positive reflections on the progressive tax is added.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60682/1/MPRA_paper_60682.pdf
Estrada, Fernando (2014): Thomas Piketty’s Capital in the 21st Century.
en
oai:mpra.ub.uni-muenchen.de:60730
2019-09-27T13:44:24Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D44:4433:443333
7375626A656374733D45:4531:453131
7375626A656374733D45:4531:453132
7375626A656374733D45:4532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60730/
Sraffa’s price equations in light of Garegnani and Pasinetti - The ‘core’ of surplus theories and the ‘natural’ relations of an economic system
Bellino, Enrico
B12 - Classical (includes Adam Smith)
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
D33 - Factor Income Distribution
E11 - Marxian ; Sraffian ; Kaleckian
E12 - Keynes ; Keynesian ; Post-Keynesian
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
Within the rich literature that has flowed from Sraffa’s framework of Production of Commodities by means of Commodities a prominent position is occupied by the research programmes carried out independently by two authoritative exponents of this school: Pierangelo Garegnani and Luigi Pasinetti. Certain specific features of their approaches might lead one to perceive them as alternative to one another. Yet, when analysed through a constructive perspective, one discovers not only a common origin and methodology, but also strict complementarity in analysing the main characteristics of industrial systems.
2014-12-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60730/1/MPRA_paper_60730.pdf
Bellino, Enrico (2014): Sraffa’s price equations in light of Garegnani and Pasinetti - The ‘core’ of surplus theories and the ‘natural’ relations of an economic system.
en
oai:mpra.ub.uni-muenchen.de:61762
2019-10-02T05:04:26Z
7374617475733D707562
7375626A656374733D42:4231
7375626A656374733D42:4231:423134
7375626A656374733D42:4232
7375626A656374733D42:4232:423233
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/61762/
La Direction centrale de la statistique et la Balance de l’économie nationale de l’URSS en 1923—24
Akhabbar, Amanar
B1 - History of Economic Thought through 1925
B14 - Socialist ; Marxist
B2 - History of Economic Thought since 1925
B23 - Econometrics ; Quantitative and Mathematical Studies
B24 - Socialist ; Marxist ; Sraffian
In 1918 the Central Statistical Administration (TsSU) was founded with the support of Lenin. Pavel Illich Popov was its first director (1918-1926). TsSU proceeded to the merging and centralization of the former decentralized statistical system of the zemstva (local governments) inherited from Tsarist regime. Between 1918 and 1928, i.e. during the civil war and the NEP, TsSU was at the heart of Soviet Statistics but it came to be controlled and eventually absorbed by Gosplan afterwards. At the TsSU Popov defended his view of social statistics as being a device for the revolution and the dictatorship of the proletariat in the political sphere while resting on strong scientific foundations in accordance with international standards. Rooted in Russian statisticians’ tradition, the objectivity and scientific nature of the works issued by the TsSU was Popov’s credo. In 1926, Popov exposed his views in a collective book he edited and published by the TsSU, The Balance of the National Economy of the USSR, 1923―24. In The Balance was exposed for the first time the modern principles of national accounting and intersectoral macroeconometric analysis. According to Popov, these were the relevant devices for social engineering in the NEP. Against “utopian” authors, Popov stressed the importance of founding social engineering and planning on economic theory and political economy. He thus explained how his statistical balance was an outgrowth of Quesnay’s Tableau économique and Marx’s schema of reproduction. Our article aims at examining Popov’s specific contribution as well as identifying its stakes and its significance in the economic debates during the 1920s.
2013
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/61762/1/MPRA_paper_61762.pdf
Akhabbar, Amanar (2013): La Direction centrale de la statistique et la Balance de l’économie nationale de l’URSS en 1923—24. Published in: OEcononmia (2014)
fr
oai:mpra.ub.uni-muenchen.de:62527
2019-09-26T16:24:53Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D49:4932
7375626A656374733D49:4932:493230
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/62527/
George Orwell and the Incoherence of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
I2 - Education and Research Institutions
I20 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Z11 - Economics of the Arts and Literature
George Orwell's famous fictions, Animal Farm and Nineteen-Eighty Four were intended to advocate democratic socialism by portraying undemocratic forms of socialism as totalitarian. For Orwell, democracy was a political institution which would limit the abuse of power. But there are several problems with democratic socialism which ensure its failure. In Orwell's novel A Clergyman's Daughter, Orwell's views of economics and politics are inconsistent and conflicting in a way that ensures democratic socialism will not succeed on Orwell's terms. Democratic socialism in general is criticized according to F. A. Hayek's Road to Serfdom and John Jewkes's The New Ordeal by Planning, whose arguments differ crucially from those against market socialism by Andrei Shleifer and Robert W. Vishny. An economic analysis of the political institutions of democratic socialism shows that democratic socialism must necessarily fail for political (not economic) reasons even if nobody in authority has ill-intentions or abuses their power.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/62527/1/MPRA_paper_62527.pdf
Makovi, Michael (2015): George Orwell and the Incoherence of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:62528
2019-09-26T11:49:47Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/62528/
Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/62528/1/MPRA_paper_62528.pdf
Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt.
en
oai:mpra.ub.uni-muenchen.de:64161
2019-09-27T19:48:36Z
7374617475733D696E7072657373
7375626A656374733D42:4232:423234
7375626A656374733D42:4233:423331
7375626A656374733D44:4437:443732
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/64161/
George Orwell as a Public Choice Economist
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B31 - Individuals
D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
George Orwell is famous for his two final fictions, Animal Farm and Nineteen Eighty-Four. These two works are sometimes understood to defend capitalism against socialism. But as Orwell was a committed socialist, this could not have been his intention. Orwell's criticisms were directed not against socialism per se but against the Soviet Union and similarly totalitarian regimes. Instead, these fictions were intended as Public Choice-style investigations into which political systems furnished suitable incentive structures to prevent the abuse of power. This is demonstrated through a study of Orwell's non-fiction works, where his opinions and intentions are more explicit.
2015-05-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/64161/2/MPRA_paper_64161.pdf
Makovi, Michael (2015): George Orwell as a Public Choice Economist. Forthcoming in: American Economist
en
oai:mpra.ub.uni-muenchen.de:66282
2019-09-27T04:30:20Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66282/
The Incoherence of Democratic Socialism: A Restatement
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
The criticism of democratic socialism by F. A. Hayek's Road to Serfdom (2007 [1944]) and John Jewkes's The New Ordeal by Planning (1968 [1948]) differs crucially from more recent arguments against market socialism made by Andrei Shleifer and Robert W. Vishny (1994). The Hayek-Jewkes argument therefore deserves a restatement. An economic analysis of the political institutions of democratic socialism shows that democratic socialism must necessarily fail for political (not economic) reasons even if nobody in authority has ill-intentions or abuses their power. Shleifer and Vishny show that market socialism will fail to properly incentive rationally utility-maximizing political actors, and that it will entail unacceptable economic inefficiencies. But Hayek and Jewkes go further and show that democracy as a political system and socialism as an economic system are fundamentally incompatible, making the system of democratic socialism logically incoherent.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66282/1/MPRA_paper_66282.pdf
Makovi, Michael (2015): The Incoherence of Democratic Socialism: A Restatement.
en
oai:mpra.ub.uni-muenchen.de:66360
2019-10-06T04:13:28Z
7374617475733D696E7072657373
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66360/
Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66360/3/MPRA_paper_66360.pdf
Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education No. Forthcoming (2016)
en
oai:mpra.ub.uni-muenchen.de:66476
2019-10-04T17:11:33Z
7374617475733D696E7072657373
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66476/
Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66476/1/MPRA_paper_66476.pdf
Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education No. Forthcoming
en
oai:mpra.ub.uni-muenchen.de:67244
2019-10-03T18:25:31Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4233:423331
7375626A656374733D44:4437:443732
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67244/
George Orwell as a Public Choice Economist
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B31 - Individuals
D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
George Orwell is famous for his two final fictions, Animal Farm and Nineteen Eighty-Four. These two works are sometimes understood to defend capitalism against socialism. But as Orwell was a committed socialist, this could not have been his intention. Orwell's criticisms were directed not against socialism per se but against the Soviet Union and similarly totalitarian regimes. Instead, these fictions were intended as Public Choice-style investigations into which political systems furnished suitable incentive structures to prevent the abuse of power. This is demonstrated through a study of Orwell's non-fiction works, where his opinions and intentions are more explicit.
2015-05-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67244/2/MPRA_paper_64161.pdf
Makovi, Michael (2015): George Orwell as a Public Choice Economist. Published in: American Economist , Vol. 60, No. 2 (2015): pp. 1-25.
en
oai:mpra.ub.uni-muenchen.de:67257
2019-09-26T11:49:24Z
7374617475733D696E7072657373
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67257/
Two Opposing Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67257/1/MPRA_paper_67257.pdf
Makovi, Michael (2015): Two Opposing Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education
en
oai:mpra.ub.uni-muenchen.de:67426
2019-09-26T22:31:13Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4233:423331
7375626A656374733D44:4437:443732
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67426/
George Orwell as a Public Choice Economist
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B31 - Individuals
D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
George Orwell is famous for his two final fictions, Animal Farm and Nineteen Eighty-Four. These two works are sometimes understood to defend capitalism against socialism. But as Orwell was a committed socialist, this could not have been his intention. Orwell's criticisms were directed not against socialism per se but against the Soviet Union and similarly totalitarian regimes. Instead, these fictions were intended as Public Choice-style investigations into which political systems furnished suitable incentive structures to prevent the abuse of power. This is demonstrated through a study of Orwell's non-fiction works, where his opinions and intentions are more explicit.
2015-05-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67426/1/MPRA_paper_67426.pdf
Makovi, Michael (2015): George Orwell as a Public Choice Economist. Published in: American Economist , Vol. 60, No. 2 (1 November 2015): pp. 183-208.
en
oai:mpra.ub.uni-muenchen.de:67709
2019-09-26T14:03:24Z
7374617475733D756E707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67709/
Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations.
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
E32 - Business Fluctuations ; Cycles
While in the early 1930s Keynes and Hayek were the major figures in a heated academic debate about money and capital, in which Keynes also and especially involved the Italian Piero Sraffa, it might seem at first sight that the Austrian economist set aside an organic demolition of the ideas expressed in 1936 by his rival in the General Theory.
But the ‘Austrian knight’ of a new Vienna-Cambridge debate, in the subsequent decades, was the German economist Ludwig M. Lachmann (1906-1990), a student of Hayek at LSE during the 1930s and later a professor in Johannesburg and New York. Lachmann was one of the protagonists of the Austrian revival after 1974 and the founding leader of the ‘hermeneutic stream’, opposed by the Rothbardian stream.
Lachmann, defending Keynes’s subjectivism and expectation theory, revived the Vienna-Cambridge controversy, criticising not Keynes but his followers, in particular the ‘new’ Cambridge School, developed by Joan Robinson and Piero Sraffa.
2014-11-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67709/1/MPRA_paper_67709.pdf
Ferlito, Carmelo (2014): Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations.
en
oai:mpra.ub.uni-muenchen.de:67759
2019-10-01T00:34:41Z
7374617475733D707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67759/
Ludwig M. Lachmann contro la Scuola di Cambridge
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
E32 - Business Fluctuations ; Cycles
While in the early 1930s Keynes and Hayek were the major figures in a heated academic debate about money
and capital, in which Keynes also and especially involved the Italian Piero Sraffa, it might seem at first sight that the Austrian economist set aside an organic demolition of the ideas expressed in 1936 by his rival in the General Theory.
But the ‘Austrian knight’ of a new Vienna-Cambridge debate, in the subsequent decades, was the German economist
Ludwig M. Lachmann (1906-1990), a student of Hayek at LSE during the 1930s and later a professor in Johannesburg
and New York. Lachmann was one of the protagonists of the Austrian revival after 1974 and the founding leader of the
‘hermeneutic stream’, opposed by the Rothbardian stream.
Lachmann, defending Keynes’s subjectivism and expectation theory, revived the Vienna-Cambridge controversy,
criticising not Keynes but his followers, in particular the ‘new’ Cambridge School, developed by Joan Robinson and Piero
Sraffa. Lachmann’s life sight was to build a new economics paradigm, centred on the idea of market process,
expectations and kaleidic society (Shackle).
2015-08-22
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67759/1/MPRA_paper_67759.pdf
Ferlito, Carmelo (2015): Ludwig M. Lachmann contro la Scuola di Cambridge. Published in: Ludwig von Mises Italia (28 October 2015)
it
oai:mpra.ub.uni-muenchen.de:69570
2019-09-27T06:54:41Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/69570/
Monopoly Capital and Capitalist Inefficiency
Lambert, Thomas
Kwon, Ed
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
This paper examines the arguments and assertions of Baran’s and Sweezy’s Monopoly Capital: An Essay on the American Economic and Social Order (1966) by assessing the degree of economic efficiency or inefficiency in how surplus value and economic surplus were created by 16 major capitalist economies during the 2000s using data envelopment analysis (DEA). After assigning a score to the degree of economic efficiency/inefficiency for each country, one can then assess which factors influence the degree of efficiency/inefficiency. This paper finds empirical support for many of the arguments put forth by the authors, Baran and Sweezy, as well as others regarding the inefficiency of the use of some forms of economic activity to help absorb economic surplus and to create surplus value.
2014-09-22
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/69570/1/MPRA_paper_69570.pdf
Lambert, Thomas and Kwon, Ed (2014): Monopoly Capital and Capitalist Inefficiency. Published in: International Review of Appplied Economics (2015)
en
oai:mpra.ub.uni-muenchen.de:69997
2019-09-30T10:04:41Z
7374617475733D756E707562
7375626A656374733D42:4231:423130
7375626A656374733D42:4232:423232
7375626A656374733D42:4232:423234
7375626A656374733D42:4235
7375626A656374733D45:4532:453232
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/69997/
Una stagnazione secolare? Italia, Giappone, Stati Uniti, 1950-2015
Daniele, Vittorio
B10 - General
B22 - Macroeconomics
B24 - Socialist ; Marxist ; Sraffian
B5 - Current Heterodox Approaches
E22 - Investment ; Capital ; Intangible Capital ; Capacity
O11 - Macroeconomic Analyses of Economic Development
This paper discusses the hypothesis of secular stagnation. Firstly, the debate on stagnation, from Alvin Hansen (1938) to Marxists and more recent interpretations is illustrated. Then, the demographic and macroeconomic trends of Italy, Japan and the United States are examined in relationship with the secular stagnation hypothesis.
2015-11-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/69997/1/MPRA_paper_69997.pdf
Daniele, Vittorio (2015): Una stagnazione secolare? Italia, Giappone, Stati Uniti, 1950-2015.
it
oai:mpra.ub.uni-muenchen.de:70111
2019-10-06T04:41:26Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70111/
The Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
The Public Choice criticism of democratic socialism by F. A. Hayek's Road to Serfdom (2007 [1944]) and John Jewkes's The New Ordeal by Planning (1968 [1948]) differs crucially from more recent Public Choice criticism of market socialism by Andrei Shleifer and Robert W. Vishny (1994) and deserves a restatement. Shleifer and Vishny show that market socialism will fail to properly incentive rationally utility-maximizing political actors, and that it will entail unacceptable economic inefficiencies. But Hayek and Jewkes go further and show that democracy as a political system and socialism as an economic system are fundamentally incompatible, making the system of democratic socialism logically incoherent. Democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70111/1/MPRA_paper_70111.pdf
Makovi, Michael (2015): The Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70160
2019-09-26T15:57:32Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70160/
The Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
The Public Choice criticism of democratic socialism by F. A. Hayek's Road to Serfdom (2007 [1944]) and John Jewkes's The New Ordeal by Planning (1968 [1948]) differs crucially from more recent Public Choice criticism of market socialism by Andrei Shleifer and Robert W. Vishny (1994) and deserves a restatement. Shleifer and Vishny show that market socialism will fail to properly incentive rationally utility-maximizing political actors, and that it will entail unacceptable economic inefficiencies. But Hayek and Jewkes go further and show that democracy as a political system and socialism as an economic system are fundamentally incompatible, making the system of democratic socialism logically incoherent. Democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70160/1/MPRA_paper_70160.pdf
Makovi, Michael (2015): The Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70172
2019-09-28T09:05:47Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70172/
The Impossibility of Democratic Socialism: Two Conceptions of Democracy
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) have used Public Choice analysis to criticize market socialism. Peter J. Boettke (1995) and Peter T. Leeson and Boettke (2002) have argued that F. A. Hayek's Road to Serfdom (2007 [1944]) constituted a form of Public Choice analysis as well, in particular presaging an application of Arrow's Impossibility Theorem to democratic socialism. This essay demonstrates that additionally, Hayek's book adumbrated the distinction between liberal or limited democracy and illiberal or totalitarian democracy. This distinction between two conceptions of democracy provides another means of criticizing democratic socialism. The democratic political system and socialist economic system are fundamentally incompatible, making democratic socialism impossible, in the sense that democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2016-03-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70172/1/MPRA_paper_70172.pdf
Makovi, Michael (2016): The Impossibility of Democratic Socialism: Two Conceptions of Democracy.
en
oai:mpra.ub.uni-muenchen.de:70173
2019-09-27T17:17:32Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70173/
Interest Groups and the Impossibility of Democratic Socialism: Hayek, Jewkes, and the Arrow Theorem
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) have used Public Choice analysis to criticize market socialism. Peter J. Boettke (1995) and Peter T. Leeson and Boettke (2002) have argued that F. A. Hayek's Road to Serfdom (2007 [1944]) constituted a form of Public Choice analysis as well. Boettke and Leeson say that Hayek adumbrated a form of Arrow's Impossibility Theorem. This essay shows that Hayek was joined by John Jewkes in presaging a form of the Arrow theorem. In addition, this essay expands on the analysis by Boettke and Leeson, elucidating the broader implications which the Arrow theorem has for democratic socialism in particular. Democratic socialism is demonstrated to be impossible, in the sense that it cannot successfully accomplish the goals of its advocates. This is because the Arrow theorem implies that democratic political institutions are fundamentally incompatible with socialist economics.
2016-03-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70173/1/MPRA_paper_70173.pdf
Makovi, Michael (2016): Interest Groups and the Impossibility of Democratic Socialism: Hayek, Jewkes, and the Arrow Theorem.
en
oai:mpra.ub.uni-muenchen.de:70174
2019-09-28T18:23:37Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70174/
Labor Economics in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is associated with the claim that political and economic freedom cannot be distinguished (cf. Lawson and Clark 2010), using the famous example that there can be no freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's example, drawn from labor economics, used to illustrate the same principle. Hayek was joined in this by his less well-known colleague, John Jewkes. Hayek and Jewkes argued that without a freely operating price system, central economic planning cannot function without compulsory regimentation of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. Hayek's and Jewkes's examples help explain why democratic socialism is impossible, in the sense that it cannot accomplish what its advocates desire.
2016-03-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70174/1/MPRA_paper_70174.pdf
Makovi, Michael (2016): Labor Economics in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70308
2019-09-30T12:52:36Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D46:4630
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70308/
The Foreign Policy of a Democratic Socialist Regime: From Intervention to Protection to Warfare
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
F0 - General
P10 - General
P20 - General
P30 - General
P50 - General
Discussions of democratic socialism have focused on whether that system is compatible with domestic civil liberties. Less attention has been paid to its foreign policy implications. Despite the widespread acceptance of the democratic peace hypothesis, democratic socialism would be incompatible with peaceful foreign relations. Economic intervention and economic planning – even democratic – cannot be successful without insulating the domestic economy from foreign competition. This implies economic nationalism and autarky. Moreover, democratic socialism is often justified by the notion that the democratic will of the people should be absolutely sovereign. Such a conception of democracy has no place for constitutional limits on power. Such an unlimited democracy would soon prove illiberal and liable to be captured by a demagogic authoritarian dictator, and this would only exacerbate the deleterious foreign policy consequences of economic nationalism. Democratic socialism is therefore incompatible with the cosmopolitan and humanitarian values of democratic socialists.
2016-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70308/1/MPRA_paper_70308.pdf
Makovi, Michael (2016): The Foreign Policy of a Democratic Socialist Regime: From Intervention to Protection to Warfare.
en
oai:mpra.ub.uni-muenchen.de:70309
2019-10-01T21:04:07Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70309/
The Impossibility of Democratic Socialism: Two Conceptions of Democracy
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) have used Public Choice analysis to criticize market socialism. Peter J. Boettke (1995) and Peter T. Leeson and Boettke (2002) have argued that F. A. Hayek's Road to Serfdom (2007 [1944]) constituted a form of Public Choice analysis as well, in particular presaging an application of Arrow's Impossibility Theorem to democratic socialism. This essay demonstrates that additionally, Hayek's book adumbrated the distinction between liberal or limited democracy and illiberal or totalitarian democracy. This distinction between two conceptions of democracy provides another means of criticizing democratic socialism. The democratic political system and socialist economic system are fundamentally incompatible, making democratic socialism impossible, in the sense that democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2016-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70309/1/MPRA_paper_70309.pdf
Makovi, Michael (2016): The Impossibility of Democratic Socialism: Two Conceptions of Democracy.
en
oai:mpra.ub.uni-muenchen.de:70443
2019-10-07T18:09:22Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4233:423332
7375626A656374733D50:5033:503330
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70443/
В память об академике Богомолове
Bukvić, Rajko
B24 - Socialist ; Marxist ; Sraffian
B32 - Obituaries
P30 - General
The paper shows some of the most important points in life and work of Oleg Timofeevich Bogomolov, a great Russian economist and an Academician of AS USSR and RAS. Even though in his 88-year long life Oleg Timofeevich was considered one of the best Soviet and Russian scientists and awarded many prizes, his work has so far not had corresponding social impact. This especially applies to his opinions and papers written in the period of perestroika and market reforms, when his warnings were largely ignored, although they proved to be prophetic.
В статье показаны основные даты жизни и работы Олега Тимофеевича Богомолова, великого русского экономиста, академика АН СССР и РАН. Хотя в течение почти 88-летней жизни Олег Тимофеевич слыл за одного из лучших советских и российских учёных, даже приобрел не мало признаний и наград, его работы как правило не имели должного общественного влияния. Особенно подчёркиваются его положения и работы в период перестройки и рыночных реформ, когда его предупреждения не были приняты, хотя и оказались пророческими.
2015
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70443/1/MPRA_paper_70443.pdf
Bukvić, Rajko (2015): В память об академике Богомолове. Published in: Вестник НГИЭИ (Vestnik NGIEI) , Vol. 6, No. 11 (54) (2015): pp. 9-15.
ru
oai:mpra.ub.uni-muenchen.de:70474
2019-09-26T11:57:40Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70474/
The Impossibility of Democratic Socialism in a Factionalized Society: Hayek, Jewkes, and the Arrow Theorem
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) use Public Choice analysis to criticize market socialism, but they dismiss Hayek's Road to Serfdom (2007 [1944]) as irrelevant. Contrariwise, Peter J. Boettke (1995) and Peter T. Leeson with Boettke (2002) argue that Hayek (2007 [1944]) advanced a form of Public Choice analysis, including an adumbration of Arrow's Impossibility Theorem. This essay shows that John Jewkes joined Hayek in presaging a form of the Arrow theorem. In addition, this essay elucidates the specific implications which the Arrow theorem has for democratic socialism. Democratic socialism is impossible, in the sense that it cannot successfully accomplish the goals of its advocates, because the Arrow theorem implies that democratic political institutions are fundamentally incompatible with socialist economics. Similar problems apply to deliberative democracy.
2016-04-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70474/1/MPRA_paper_70474.pdf
Makovi, Michael (2016): The Impossibility of Democratic Socialism in a Factionalized Society: Hayek, Jewkes, and the Arrow Theorem.
en
oai:mpra.ub.uni-muenchen.de:70604
2019-10-13T18:38:38Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70604/
Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is associated with the claim that political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Friedman's famous example is that there cannot be freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Absent a freely operating price system, economic planning cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. This counters Farrant and McPhail (2009)'s claim that Hayek was incorrect in applying his thesis to the modern welfare state. Labor economics helps demonstrate why democratic socialism is impossible, in the sense that it cannot accomplish what its advocates desire.
2016-04-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70604/1/MPRA_paper_70604.pdf
Makovi, Michael (2016): Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70964
2019-10-15T09:43:20Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70964/
Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is associated with the claim that political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Friedman's famous example is that there cannot be freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Absent a freely operating price system, economic planning cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. This counters Farrant and McPhail (2009)'s claim that Hayek was incorrect in applying his thesis to the modern welfare state. Labor economics helps demonstrate why democratic socialism is impossible, in the sense that it cannot accomplish what its advocates desire.
2016-04-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70964/1/MPRA_paper_70964.pdf
Makovi, Michael (2016): Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:71262
2019-10-04T03:54:34Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/71262/
Labor in a Planned Economy: Hayek and Jewkes on the Reliance of Freedom on Prices
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is known for the claim that political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Friedman's famous example is that there cannot be freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Economic planning – the abandonment of a freely operating price system – cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. Among Hayek's enduring contributions, therefore, is a demonstration that liberty hangs on the maintenance of the price-system.
2016-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/71262/1/MPRA_paper_71262.pdf
Makovi, Michael (2016): Labor in a Planned Economy: Hayek and Jewkes on the Reliance of Freedom on Prices.
en
oai:mpra.ub.uni-muenchen.de:71296
2019-09-28T04:51:36Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/71296/
The Freedom of the Prices: Hayek and Jewkes on Labor in a Planned Economy
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) famously argued there can be no freedom of speech where the government owns the printing presses. According to Friedman, political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Less well-known are F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Economic planning – the abandonment of a freely operating price-system – cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. Among Hayek's enduring contributions, therefore, is a demonstration that liberty hangs on the maintenance of the price-system.
2016-05-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/71296/1/MPRA_paper_71296.pdf
Makovi, Michael (2016): The Freedom of the Prices: Hayek and Jewkes on Labor in a Planned Economy.
en
oai:mpra.ub.uni-muenchen.de:72071
2019-09-27T19:29:42Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D44:4438:443832
7375626A656374733D4B:4B30:4B3030
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/72071/
The Freedom of the Prices: Hayek's Road to Serfdom Reassessed
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B53 - Austrian
D70 - General
D82 - Asymmetric and Private Information ; Mechanism Design
K00 - General
P10 - General
P20 - General
P50 - General
Recent debate has centered around the contemporary relevance and even the original validity of F. A. Hayek's Road to Serfdom. Was it directed against command socialism only or against welfare-state interventionism as well? Should the book even be read anymore? This essay takes a step back from the dichotomy between socialism and interventionism and explores two specific ideas of Hayek's which deserve renewed attention: first, his claim that economic liberty is the fundamental liberty and that political liberty is merely secondary in value. Second, Hayek's conception of the rule-of-law, which has implications for contemporary command-and-control regulation. Furthermore, that Hayek's philosophical conception of the rule-of-law in the Road to Serfdom is related to his economic theory of prices in “The Use of Knowledge in Society.” While Hayek's specific target in the Road to Serfdom was command socialism, his book embodied arguments which are more widely applicable and relevant today.
2016-06-17
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/72071/1/MPRA_paper_72071.pdf
Makovi, Michael (2016): The Freedom of the Prices: Hayek's Road to Serfdom Reassessed.
en
oai:mpra.ub.uni-muenchen.de:72185
2019-09-28T00:45:34Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/72185/
Hayek and Arrow's Impossibility Theorem: The Difficulty of Democratic Consensus
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny use Public Choice analysis to criticize market socialism, but they dismiss Hayek's Road to Serfdom as irrelevant. Contrariwise Boettke and Leeson argue that Hayek advanced a form of Public Choice analysis, including an adumbration of Arrow's Impossibility Theorem. This essay elaborates that claim and elucidates the specific implications which the Arrow theorem has for democratic socialism. Democratic socialism is impossible, in the sense that it cannot successfully accomplish the goals of its advocates, because the Arrow theorem implies that democratic political institutions are fundamentally incompatible with socialist economics. Similar problems apply to deliberative democracy.
2016-04-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/72185/1/MPRA_paper_72185.pdf
Makovi, Michael (2016): Hayek and Arrow's Impossibility Theorem: The Difficulty of Democratic Consensus.
en
oai:mpra.ub.uni-muenchen.de:72360
2019-09-28T10:12:14Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D44:4438:443832
7375626A656374733D4B:4B30:4B3030
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/72360/
The Freedom of the Prices: Hayek's Road to Serfdom Reassessed
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B53 - Austrian
D70 - General
D82 - Asymmetric and Private Information ; Mechanism Design
K00 - General
P10 - General
P20 - General
P50 - General
Recent debate has questioned the contemporary relevance and even the original validity of F. A. Hayek's Road to Serfdom. Was it directed against command socialism only or against welfare-state interventionism too? Should it even be read anymore? This essay takes a step back from the dichotomy between socialism and interventionism and explores two specific ideas of Hayek's which deserve renewed attention: first, his claim that economic liberty is the fundamental liberty and that political liberty is merely secondary in value. Second, Hayek's conception of the rule-of-law, which has implications for contemporary command-and-control regulation. Furthermore, that Hayek's conception of the rule-of-law in the Road to Serfdom is related to his economic theory of prices in “The Use of Knowledge in Society.” While Hayek's specific target in the Road to Serfdom was command socialism, his book embodied arguments – elaborated in his later works – which are more widely applicable and relevant.
2016-07-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/72360/1/MPRA_paper_72360.pdf
Makovi, Michael (2016): The Freedom of the Prices: Hayek's Road to Serfdom Reassessed.
en
oai:mpra.ub.uni-muenchen.de:73387
2019-09-26T08:44:19Z
7374617475733D707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/73387/
Two Opposing Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/73387/1/MPRA_paper_73387.pdf
Makovi, Michael (2015): Two Opposing Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Published in: International Journal of Pluralism and Economics Education , Vol. 2, No. 7 (2016): pp. 116-134.
en
oai:mpra.ub.uni-muenchen.de:87620
2019-10-03T06:47:27Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D44:4437:443732
7375626A656374733D45:4531:453131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/87620/
Le rendite improduttive e parassitarie: Claudio Napoleoni sul capitalismo italiano
Bellanca, Nicolo'
B24 - Socialist ; Marxist ; Sraffian
D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
E11 - Marxian ; Sraffian ; Kaleckian
Claudio Napoleoni’s reflection on the problems of the Marxist theory of value is not separate from that on the Italian economy. In particular, during the Sixties, his reexamination of the concepts of productive activities and rents allow him to argue that the social and political hegemony of the redistributive coalitions constitutes the greatest structural weakness of Italy and the most important cause of inequalities and lack of inclusion.
2018-06-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/87620/1/MPRA_paper_87620.pdf
Bellanca, Nicolo' (2018): Le rendite improduttive e parassitarie: Claudio Napoleoni sul capitalismo italiano.
it
oai:mpra.ub.uni-muenchen.de:89949
2019-09-27T20:42:19Z
7374617475733D707562
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D43:4330:433030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/89949/
Introduction to Michel Husson's 'Value and price: a critique of neo-Ricardian claims'
Freeman, Alan
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
C00 - General
This is a prepublication version of the published article of the same name and should be cited as "Freeman, A. 2018. Introduction to Michel Husson's 'Value and Price: a critique of neo-Ricardian Claims' Capital and Class Vol 42, Issue 3, 2018, pp 509-516"
Michel Husson originally published this landmark article in French as Manuel Perez (1980). It thus offers a new generation of Marx scholars a resource which academic Marxism has rejected, except for a minority tradition in which this article played a foundational role: the opportunity to understand, and grapple with, Marx’s own economics.
This introduction aims to explain, to such new readers, the key role which Husson’s article played in advancing our understanding of Marx’s theory of value. It appeared nine years after Paul Samuelson (1971) pronounced Marx’s value theory a failure, and three years after English Marxist Ian Steedman (1977) formally endorsed this verdict. Husson set out the first, and in many ways the most comprehensive concise rebuttal of these claims.
2017-09-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/89949/1/MPRA_paper_89949.pdf
Freeman, Alan (2017): Introduction to Michel Husson's 'Value and price: a critique of neo-Ricardian claims'. Published in: Capital and Class , Vol. 42, No. Vol 42, Issue 3, 2018 (1 October 2018): pp. 509-516.
en
oai:mpra.ub.uni-muenchen.de:90259
2019-09-26T15:17:36Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D45:4531:453131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/90259/
Sraffa on non-self-replacing systems: a note
Ravagnani, Fabio
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
E11 - Marxian ; Sraffian ; Kaleckian
In two passages of Production of Commodities, Sraffa states very concisely that the analysis presented also applies to viable economic systems in which the means of production consumed are not fully replaced. This aspect of the book has been nearly ignored for a long time, and only in the last two decades have some scholars begun to discuss it in depth. Since these scholars basically rely on the terse references to non-self-replacing systems appearing in Sraffa’s published works, however, a question is left pending in their contributions—what exactly was Sraffa’s position as regards the nature and relevance of those systems? The present note seeks to shed light on this question by systematically examining the pertinent passages of Sraffa’s unpublished manuscripts. On the basis of this examination, the final section briefly comments on some debatable aspects of current renditions of Sraffa’s theory.
2018-11-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/90259/1/MPRA_paper_90259.pdf
Ravagnani, Fabio (2018): Sraffa on non-self-replacing systems: a note.
en
oai:mpra.ub.uni-muenchen.de:91728
2019-09-27T07:50:05Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D44:4432:443234
7375626A656374733D44:4434:443436
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/91728/
Theories of value and ultimate standards in Sraffa's notes of summer 1927
Fratini, Saverio M.
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
D46 - Value Theory
The group of manuscripts titled 'Notes/London, Summer 1927/Physical real costs, etc.' (D3/12/3) is recognized as extremely important for the reconstruction of the evolution of Sraffa's thought after the articles published in 1925 and 1926. The present paper is aimed at analysing some relevant passages and ideas expressed by Sraffa in those manuscripts.
We shall focus, in particular, on Sraffa's arguments about the existence of two different theories of value, with different aims: one aimed at determining the value of large aggregates of commodities, such as the national product, the necessary consumption and the social surplus, and the other aimed at determining the price of a single commodity, separately from the others.
In Sraffa's view, if the values of many commodities are to be determined simultaneously, then the theory cannot dispense with an ultimate standard of value. That idea led Sraffa toward the conception (or the rediscovery) of the physical real cost.
2019-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/91728/1/MPRA_paper_91728.pdf
Fratini, Saverio M. (2019): Theories of value and ultimate standards in Sraffa's notes of summer 1927.
en
oai:mpra.ub.uni-muenchen.de:96741
2019-11-05T17:13:51Z
7374617475733D756E707562
7375626A656374733D42:4232:423230
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D4E:4E33
7375626A656374733D4E:4E33:4E3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/96741/
Game of Thrones or Game of Class Struggle? Revisiting the Demise of Feudalism and the Dobb-Sweezy Debate
Lambert, Thomas
B20 - General
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
N33 - Europe: Pre-1913
In 1947, the Marxist economist Maurice Dobb published a book that attempted to outline and explain how the feudalistic economic system of medieval times gave way to capitalism. Dobb’s Studies in the Development of Capitalism (1947) started a debate among economists and historians over the following decades that has continued until this day. One of his most prominent and earliest critics was Paul M. Sweezy who, although he commended Dobb on raising the question of why feudalism gave way to capitalism, disagreed with Dobb’s conclusions on why the transition from feudalism to capitalism occurred. In general, Dobb thought that feudalism went into decline and was replaced by capitalism because of endogenous causes rooted in the class struggles between serfs and noblemen. Sweezy and others, on the other hand, thought that the factors which led to the decline of feudalism and rise of capitalism were exogenous, and these factors included the development and growth of international trade, production for markets and money, the growth and importance of cities, and the need for European monarchies to finance their wars and overseas empires. Other economists and historians, both mainstream and Marxian, also joined the debate, and a long list of articles and books have been generated on the “transition debate” since the late 1940s. In doing research for this paper, no statistical work on the Dobb-Sweezy debate and its competing hypotheses was found, and so this paper attempts to do some empirical testing of these hypotheses using data from England from the middle ages up to the late nineteenth century. The findings of this note are informative in trying to better understand the transition and provide some food for thought on how capitalism may change in the future.
2019-10-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/96741/1/MPRA_paper_96741.pdf
Lambert, Thomas (2019): Game of Thrones or Game of Class Struggle? Revisiting the Demise of Feudalism and the Dobb-Sweezy Debate.
en
oai:mpra.ub.uni-muenchen.de:99128
2020-03-18T07:45:28Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D4E:4E31:4E3133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/99128/
Paul Baran’s Economic Surplus Concept, the Baran Ratio, and the Decline of Feudalism
Lambert, Thomas
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
N13 - Europe: Pre-1913
In his book, the Political Economy of Growth (1957), and in an article he wrote several years earlier (1953), the economist Paul A. Baran noted how in an economic system characterized by a hierarchy of classes and where economic and political power are concentrated in the top class of such a system, the amount of output and income above what is consumed by most people (e.g., food, clothing, housing, public safety, education) mostly goes to the top class. This extra amount is what he called the economic surplus, a form of savings or income left over after consumption. In a feudalistic system, there is little incentive to use the proceeds of this type of surplus to buy more tools and equipment for more production of output and income. The lord or baron has little incentive to lend or give serfs money because he may not benefit from any increased productivity by them. It is with capitalism that such incentives to re-invest in production become important. This paper uses recently published and estimated historical data to illustrate Baran’s observations and thoughts on feudalism. It is shown that during the 13th and 14th centuries in England that the economic surplus declined, and this decline helps to explain the “crisis of feudalism” that started in the 13th century. It is not until several centuries later when capitalism becomes the dominant economic system that the economic surplus begins to rise on a consistent basis probably due to the reinvestment of a portion of the surplus into productive activities and a greater ratio of capital income to rental income and a greater ratio of investment to economic surplus. However, and somewhat surprisingly, by the 19th Century the surplus still does not attain levels reached in the 13th Century.
2020-03-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/99128/1/MPRA_paper_99128.pdf
Lambert, Thomas (2020): Paul Baran’s Economic Surplus Concept, the Baran Ratio, and the Decline of Feudalism.
en
oai:mpra.ub.uni-muenchen.de:107979
2021-05-27T04:55:57Z
7374617475733D707562
7375626A656374733D42:4232:423234
7375626A656374733D46:4631:463139
7375626A656374733D4E:4E31
7375626A656374733D4F:4F31
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/107979/
How the West is Underdeveloping Itself
Samaha, Amal
B24 - Socialist ; Marxist ; Sraffian
F19 - Other
N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations
O1 - Economic Development
This essay deals with the history of development discourse, recurring problems, and its present day manifestations. It argues that the deindustrialisation of the core and concomitant hollowing-out of political institutions belies several truisms of development discourse, and that a new "relational" model of development is required. This relational model recognises two distinct forms of development: autogenous (that which requires the exploitation of domestic workers) and parasitic (that which depends on unequal exchange and export specialisation). Finally it is argued that a socialist development programme must be ambivalent to "growth," and instead the core and periphery must pursue different forms of development together.
2021-05-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/107979/1/MPRA_paper_107979.pdf
Samaha, Amal (2021): How the West is Underdeveloping Itself. Published in: Peace, Land and Bread No. 4 (13 May 2021): pp. 19-41.
en
oai:mpra.ub.uni-muenchen.de:111344
2022-01-03T04:58:44Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/111344/
Oskar Lange’s Economics and the Socialist Economy
Gomes, Luiz
B24 - Socialist ; Marxist ; Sraffian
Oskar Lange is generally known about his contribution in the debate on the feasibility of rational economic calculation under socialism. Although he is recognized as the theoretical "winner" of this debate, his contributions to economics extend over a wide range of topics and involve issues such as the economic organization of a society in transition to socialism, the relevance or not of econometrics, the meaning of Say's law and the use of cybernetics for economic planning. There are two points that are fundamental in Lange’s work, namely: (i) the economic viability of the socialist mode of production and (ii) the economics of the transition to socialism. The objective of the present article is to investigate Lange’s contributions in regard of these two points: the economic viability of socialism and the economics of the transition to socialism.
2022-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/111344/1/MPRA_paper_111344.pdf
Gomes, Luiz (2022): Oskar Lange’s Economics and the Socialist Economy.
en
oai:mpra.ub.uni-muenchen.de:113048
2022-05-13T08:09:37Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4233
7375626A656374733D45:4533
7375626A656374733D45:4536
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/113048/
The Theory of the Emission Economy Bolshevik roots of "Modern Monetary Theory"
Nenovsky, Nikolay
B24 - Socialist ; Marxist ; Sraffian
B3 - History of Economic Thought: Individuals
E3 - Prices, Business Fluctuations, and Cycles
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
In this article we present the monetary theory, called the "Theory of Emission Economy (TEE)", most fully formulated by the Russian economist S. Falkner (1890-1938). Formulated exactly a century ago, it is strikingly reminiscent of modern "Modern Monetary Theory, MMT." Like MMT, TEE has had both supporters and serious critics. More importantly, in a certain period of time, 1918–1920, the TEE was put into practice, and the MMT's "consolidation hypothesis", that of merging the central bank with the treasury (government), became a reality (January 1920). The Bolsheviks' brief experience with MMT ended in disaster. Lenin himself, who at first shared its basic ideas, was forced to undertake monetary stabilization based on the parallel introduction of gold coins, chervonets. The purpose of this article is to present the theoretical discussions about TEE, as well as the monetary policies of Bolshevik Russia in order to derive some useful patterns for the state of monetary theory and practice today.
2020-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/113048/1/MPRA_paper_113048.pdf
Nenovsky, Nikolay (2020): The Theory of the Emission Economy Bolshevik roots of "Modern Monetary Theory".
en
oai:mpra.ub.uni-muenchen.de:113068
2022-05-17T21:45:26Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D43:4336:433637
7375626A656374733D44:4434:443436
7375626A656374733D44:4435:443537
7375626A656374733D45:4531:453131
7375626A656374733D45:4533:453331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/113068/
Effective Rank and Dimensionality Reduction: From Complex Disaggregation Back to a Simple World
Tsoulfidis, Lefteris
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
C67 - Input-Output Models
D46 - Value Theory
D57 - Input-Output Tables and Analysis
E11 - Marxian ; Sraffian ; Kaleckian
E31 - Price Level ; Inflation ; Deflation
In recent years there is a revival of political economy and discussions are about the near linearities of price rate of profit trajectories. In this article, we argue that the economy’s input-output data are of low effective dimensionality, meaning that there is overfitting of both data and dimensions and that the fundamental behavior of the economy can be tracked down with the use of a low dimensional system.
2022-04-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/113068/1/MPRA_paper_113068.pdf
Tsoulfidis, Lefteris (2022): Effective Rank and Dimensionality Reduction: From Complex Disaggregation Back to a Simple World.
en
oai:mpra.ub.uni-muenchen.de:117537
2023-06-07T07:14:04Z
7374617475733D756E707562
7375626A656374733D42:4232:423232
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/117537/
The Economic Surplus, the Baran Ratio, and Long Wave Cycles
Lambert, Thomas
B22 - Macroeconomics
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
B52 - Institutional ; Evolutionary
This paper briefly outlines the idea and development of the economic surplus concept at the macroeconomic level as opposed to the one in microeconomics often labeled as a Marshallian surplus. Of special interest and focus is the concept as developed and used by heterodox economists. The notion of a residual amount of output or income over and above what is necessary for a society’s consumption (education, housing, food, clothing, health care, transportation, and other necessities of life) that can be used either for further consumption by an elite class, used for reinvestment in productive activities, and/or wasted on unproductive efforts is one that has been and continues to be taught and used in heterodox and neo-Marxian economics. The relevancy of the economic surplus view to modern and recent US economic growth is examined especially in light of new ways that have been created to apply the economic surplus concept. Applications using the Baran Ratio and long wave cycles theory are demonstrated, and it appears that the Baran Ratio is a useful concept to help predict long wave movements that are based on the economic surplus.
2023
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/117537/1/The%20Economic%20Surplus%2C%20the%20Baran%20Ratio%2C%20and%20Long%20Wave%20Cycles.pdf
Lambert, Thomas (2023): The Economic Surplus, the Baran Ratio, and Long Wave Cycles.
en
oai:mpra.ub.uni-muenchen.de:117815
2023-07-05T14:02:02Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423531
7375626A656374733D44:4433:443333
7375626A656374733D44:4434:443436
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/117815/
Sraffa and the ‘slogans not used’
Fratini, Saverio Maria
Ravagnani, Fabio
B24 - Socialist ; Marxist ; Sraffian
B51 - Socialist ; Marxian ; Sraffian
D33 - Factor Income Distribution
D46 - Value Theory
The two ‘slogans’ written by Sraffa in an early draft of the preface to his book (Sraffa Papers D3/12/43:1(3)) can be seen as the synthesis of a wider reasoning that he outlines in some manuscripts composed in 1955 and 1956. We rationalise this reasoning by three statements: A. The rate of profits manifests itself in the Standard system as the ratio of two well-defined quantities of Standard commodity; B. The rate of profits can be identified in the Standard system before knowing the prices of commodities; and C. The rate of profits emerging from the Standard system cannot be altered by ‘manipulations of prices’ and, for this reason, can be regarded as a non-price phenomenon. By discussing these statements in depth, we aim at shedding new light on the precise meaning of Sraffa’s slogans.
2023
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/117815/1/Sraffa%20and%20the%20slogans_013_.pdf
Fratini, Saverio Maria and Ravagnani, Fabio (2023): Sraffa and the ‘slogans not used’.
en
oai:mpra.ub.uni-muenchen.de:117919
2023-07-18T13:58:21Z
7374617475733D756E707562
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423234
7375626A656374733D48:4831
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/117919/
On the Takeover Mechanism in Market Socialism
Carnevali, Emilio
Sommacal, Matteo
B14 - Socialist ; Marxist
B24 - Socialist ; Marxist ; Sraffian
H1 - Structure and Scope of Government
In the three decades since the collapse of the Soviet Union, the notion of socialism has been swept into almost total disrepute. The more recent economic literature, however, has shown a resurgence of interest in the concept of socialism, albeit on very different theoretical grounds than in the past. This article investigates the reasons for the socialist movement's historical distrust of the development of "well-defined" economic projects. This attitude seems to have disappeared in contemporary "socialist projects". The article also discusses the Shareholder Socialism proposal developed by economist Giacomo Corneo and proposes a different mathematical formulation of the mechanism through which the takeover of private industries by the public sector should be conducted.
2023-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/117919/1/CarnevaliSommacal_working%20paper.pdf
Carnevali, Emilio and Sommacal, Matteo (2023): On the Takeover Mechanism in Market Socialism.
en
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