Two Temporal Single System Interpretation of Marx Calculations of the MELT
2
조회
0
다운로드
2
인용
0
참고문헌
키워드
초록
Far too often articles concerning the Temporal Single System Interpretation (TSSI) of Marx simply attempt to dismiss this interpretation of Marx, which frees his value theory from false allegations of inconsistency and redundancy, on the spurious grounds of its difference to ‘Marxist’ approaches that are influenced by the methods of ‘mainstream’ economics, such as simultaneous calculation of prices and values. As, sadly, critics of the TSSI outnumber its supporters, most journals insist that articles supporting the TSSI should follow/address the agenda of the TSSI’s critics. This ‘non-debate’ has held back attempts to explore the TSSI. In Potts (2011a) I noted for the first time that there is a difference between Kliman’s and Freeman’s methods of valuing commodities in the presence of stocks of commodities. I concluded that this difference of approach indicates how research informed by the TSSI of Marx is not a matter of following a particular dogma, but rather is an open and exciting route to attempting to apply Marx’s analysis of capitalism to understanding the world today. Potts (2011a) is not widely known as the electronic journal Critique of Political Economy, sadly, did not continue beyond its first issue. So in this article I shall repeat my analysis, focusing on how Freeman’s and Kliman’s different methods lead to different calculations of the monetary expression of labour-time (MELT).
Abstract
Far too often articles concerning the Temporal Single System Interpretation (TSSI) of Marx simply attempt to dismiss this interpretation of Marx, which frees his value theory from false allegations of inconsistency and redundancy, on the spurious grounds of its difference to ‘Marxist’ approaches that are influenced by the methods of ‘mainstream’ economics, such as simultaneous calculation of prices and values. As, sadly, critics of the TSSI outnumber its supporters, most journals insist that articles supporting the TSSI should follow/address the agenda of the TSSI’s critics. This ‘non-debate’ has held back attempts to explore the TSSI. In Potts (2011a) I noted for the first time that there is a difference between Kliman’s and Freeman’s methods of valuing commodities in the presence of stocks of commodities. I concluded that this difference of approach indicates how research informed by the TSSI of Marx is not a matter of following a particular dogma, but rather is an open and exciting route to attempting to apply Marx’s analysis of capitalism to understanding the world today. Potts (2011a) is not widely known as the electronic journal Critique of Political Economy, sadly, did not continue beyond its first issue. So in this article I shall repeat my analysis, focusing on how Freeman’s and Kliman’s different methods lead to different calculations of the monetary expression of labour-time (MELT).
참고문헌 (28)
- Bortkiewicz, L., "Value and Price in the Marxian System", International Economic Papers, 1952(2), pp.5~60 (1952)
- Bortkiewicz, L., "Karl Marx and the Close of his System" (1984), Orion
- Desai, M, "Macroeconomics and Monetary Theory", pp.39~60 (1995), Edward Elgar
- Deleplace, G., "Money in Motion: The Post Keynesian and Circulation Approaches" (1996), MacMillan
- Freeman, A, "Marx and Non-Equilibrium Economics", pp.225~279 (1996), Edward Elgar
- Freeman, A., "Bankruptcies and Bailouts" (2009), Fernwood Publishing
- Freeman, A, "Marxism without Marx: A note towards a critique", Capital & Class, (100), pp.84~97 (2010)
- Freeman, A., "The Great Global Meltdown of 2008: Systemic, Conjunctural or Policy-created?" (2016), Edward Elgar
- Freeman, A., "Simultaneous Valuation vs. the Exploitation Theory of Profit: A summing up", Capital & Class, (94), pp.107~117 (2008)
- Grossmann, H, "Marx, Classical Political Economy and the Problem of Dynamics", Capital & Class, (2) (1977)
- Kliman, A, "Determination of Value in Marx and in Borkiewiczian Theory", pp.99~112 (1999), Beiträge zur Marx-Engels-Forschung
- Kliman, A., "Reclaiming Marx’s “Capital”" (2007), Lexington Books
- Kliman, A, "The disintegration of the Marxian School", Capital & Class, (100), pp.61~68 (2010)
- Kliman, A., "The Failure of Capitalist Production: Underlying Causes of the Great Recession" (2012), Pluto
- Marx, K., "Grundrisse: Foundations of the critique of political economy" (1973), Penguin
- Marx, K., "Capital: A critique of Political Economy, Volume I", pp.1976, Penguin
- Marx, K., "Capital: A critique of Political Economy, Volume II", pp.1978, Penguin
- Marx, K., "Capital: A critique of Political Economy, Volume III", pp.1981, Penguin
- Mohun, S., "The incoherence of the TSSI", Capital & Class, (92), pp.139~145 (2007)
- Morishima, M., "Marx’s Economics: A Dual Theory of Value and Growth" (1973), Cambridge University Press
- Potts, N., "Valuation in the Presence of Stocks of Commodities: Exploring the Temporal Single System Interpretation of Marx", Critique of Political Economy, 1, pp.89~119 (2011)
- Potts, N, "Marx and the crisis", Capital & Class, 35(3), pp.455~474 (2011)
- Potts, N, "Keynesian Economics: In Search Of Unnatural Stability", Critique: Journal of Socialist Theory, 41(2), pp.183~197 (2013)
- Potts, N, "An Unacceptable Misrepresentation: Dismissing Marx’s Value Theory By Deliberately Distorting The Temporal Single System Interpretation of Marx", World Review Of Political Economy, 5(1), pp.96~116 (2014)
- Potts, N., "Is Marx’s Theory of Profit Right: The Simultaneist- Temporalist Debate" (2015), Lexington Books
- Ramos-Martínez, A., "The New Value Controversy and the Foundations of Economics" (2004), Edward Elgar
- Sinha, A, "Book Review: Reclaiming Marx’s “Capital” A Refutation of the Myth of Inconsistency, Andrew Kliman; Lanham: Lexington Books; 2007", Review of Radical Political Economics, (41), pp.422~427 (2009)
- Steedman, I., "Marx after Sraffa" (1977), New Left Books