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The Temporal Single-System Interpretation: Underdetermination and Inconsistency

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This paper critically evaluates a recent contribution by Kliman and Freeman (2009) in this journal. It is argued that none of their arguments dispel previous criticisms of the ‘temporal single-system interpretation’ (TSSI). Indeed the paper confirms the suggestions of many critics that, as the missing parts of the TSSI theoretical constructs are provided, in particular the Monetary Expression of Labour Time, the TSSI rests on inconsistency and arbitrary assumptions.

Abstract

This paper critically evaluates a recent contribution by Kliman and Freeman (2009) in this journal. It is argued that none of their arguments dispel previous criticisms of the ‘temporal single-system interpretation’ (TSSI). Indeed the paper confirms the suggestions of many critics that, as the missing parts of the TSSI theoretical constructs are provided, in particular the Monetary Expression of Labour Time, the TSSI rests on inconsistency and arbitrary assumptions.

참고문헌 (17)

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  3. Freeman,A, "A General Refutation of Okishio’s Theorem and a Proof of the Falling Rate of Profit in Marx and Non-equilibrium Economics" (1996), Edward Elgar
  4. Kliman,A.J., "Simultaneous Valuation vs. the Exploitation Theory of Profit", Capital and Class, 73 (2001)
  5. Kliman,A.J, "Reclaiming Marx’s ‘Capital’: A Refutation of the Myth of Inconsistency" (2007), Lexington Books
  6. Kliman, A.J, "Replicating Marx: A Reply to Mohun", Capital and Class, 88 (2006)
  7. Kliman,A.J, "Simultaneous Valuation vs. the Exploitation Theory of Profit: A Summing Up", Capital and Class, 94 (2008)
  8. 앤드루 클리먼, "The Truthiness of Veneziani’s Critique of Marx and the TSSI", 마르크스주의 연구, 6(2), pp.335~366 (2009), 사회과학연구원
  9. Kliman A.J, "A Temporal Single-System Interpretation of Marx’s Value Theory", Review of Political Economy, 11 (1999)
  10. Marx,K, "Capital Vol. I" (1976), Penguin
  11. Mohun,S, "On the TSSI and the Exploitation Theory of Profit", Capital and Class, 81 (2003)
  12. Mohun, S, "The Incoherence of the TSSI: A reply to Kliman and Freeman", Capital and Class, 92 (2007)
  13. Okishio,N, "A Mathematical Note on Marxian Theorems", Weltwirtschaftliches Archiv, 91 (1963)
  14. Roemer,J.E, "Analytical Foundations of Marxian Economic Theory" (1981), Harvard University Press
  15. Skillman,G, "Technical Change and the Equilibrium Profit Rate in a Market with Sequential Bargaining", Metroeconomica, 48 (1997)
  16. Veneziani,R, "The Temporal Single-System Interpretation of Marx’s Economics: A Critical Evaluation", Metroeconomica, 55 (2004)
  17. Veneziani,R, "Dynamics, Disequilibrium, and Marxian Economics: A Formal Analysis of Temporal Single-System Marxism", Review of Radical Political Economics, 37 (2005)

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