Replicating Marx: a Reply to Mohun

Kliman, Andrew and Freeman, Alan (2006): Replicating Marx: a Reply to Mohun. Published in: Capital and Class No. 88 (April 2006): pp. 117-123.

Abstract

This is a prepublication version of ‘Replicating Marx: a reply to Mohun’, Capital and Class No. 88, Spring 2006, pp 117-123. ISSN 0309 8168

Kliman (2001) showed that “simultaneist” interpretations – those which hold that Marx valued inputs and outputs simultaneously – contradict his exploitation theory of profit, while the temporal single-system interpretation (TSSI) conforms to it. Mohun, S. 2003. “On the TSSI and the Exploitation Theory of Profit,” Capital and Class 81, Autumn 2003, pp85-102. calls these demonstrations into question. This note defends them.

• Item Type: MPRA Paper
• Institution: The University of Greenwich
• Language: English
• Keywords: Value, Price, Money, Labour, Marx, MELT, Okishio, TSSI, temporalism, rate of profit
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian; B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B14 - Socialist ; Marxist; B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology; B - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: Individuals > B31 - Individuals; B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith)

References

Freeman A., and Kliman, A. 2000. “Two Concepts of Value, Two Rates of Profit, Two Laws of Motion,” Research in Political Economy 18. Kliman, A. 2001. “Simultaneous Valuation vs. the Exploitation Theory of Profit,” Capital and Class 73, Spring. Kliman, A. 2002. “Stigler and Barkai on Ricardo's Profit Rate Theory: Some methodological considerations 35 years later.” Presented at the Eastern Economic Association meetings, Boston, March 15. Kliman, A. 2003. “Deriving a Negative PNP.” http://webpage.pace.edu/akliman/neg-PNP . Marx, K. 1981. Capital: A critique of political economy. London: Penguin. Mohun, S. 2003. “On the TSSI and the Exploitation Theory of Profit,” Capital and Class 81, Autumn 2003, pp85-102. Veneziani, R. 2003. The Temporal Single-system Interpretation of Marx’s Economics: A critical evaluation, Metroeconomica (forthcoming).