Munich Personal RePEc Archive

Rejoinder to Duncan Foley and David Laibman

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.


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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.


Responds to debate initiated in Research in Political Economy 17 (

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

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