The Case for Simplicity: a Paradigm for the Political Economy of the 21st Century

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.

Abstract

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.”

• Item Type: MPRA Paper
• Language: English
• Keywords: Marx; Non-equilibrium; Price; Profit; Rate of Profit; Reproduction; Temporalism; Transformation; TSSI; Value; Value Theory
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith); B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B14 - Socialist ; Marxist; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B20 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B24 - Socialist ; Marxist ; Sraffian

References

Freeman, A. and G. Carchedi (Eds).1996. Marx and Non-Equilibrium Economics, Cheltenham: Edward Elgar.

Freeman, A. 1996. ‘Price, Value and Profit – a continuous, general, treatment’, in Freeman and Carchedi, op. cit.

Freeman, A. 1997. ‘Time, Money and the Quantification of Value’. Paper presented at Eastern Economic Association conference, Boston, March 1997.

Freeman, A., Andrew Kliman and Julian Wells. 2001. The New Value Controversy in Economics. Cheltenham: Edward Elgar.

Laibman, D. 2001. ‘Rhetoric and Substance in Value Theory: an Appraisal of the New Orthodox Marxism’. Freeman et al (2001), op. cit. pp1-18.

Marx, K. 1978. The Poverty of Philosophy. Moscow: Progress Publishers.

Neugebauer, O. 1975. A History of Ancient Mathematical Astronomy 3 vols. Berlin: Springer, 1975. (Commonly abbreviated as HAMA)

Sraffa, P. 1960. Production of Commodities By Means Of Commodities: Prelude to a critique of economic theory. Cambridge and New York: Cambridge University Press.