Munich Personal RePEc Archive

Introduction to Michel Husson's 'Value and price: a critique of neo-Ricardian claims'

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.

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Abstract

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.

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