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Price, value and profit – a continuous, general, treatment

Freeman, Alan - 1996

This text comprises chapter 13 of Marx and non-equilibrium Economics[1]. It provides a general mathematical specification of a non-equilibrium interpretation of Marx’s theory of value. It refutes the Okishio theorem and solves the transformation problem. It is a foundation work of scholarship...

Persistent link: https://www.econbiz.de/10015215339

The Psychopathology of Walrasian Marxism

Freeman, Alan - 1996

] Freeman, A. (1996b) ‘The psychopathology of Walrasian Marxism’, in Freeman, A. and Carchedi, G. (eds) (1996), Marx and Non …

Persistent link: https://www.econbiz.de/10015216968

The French Regulation Approach and its Theory of Consumption

Mavroudeas, Stavros - 2003

This study criticises Regulation’s Consumption theory. First, it pinpoints the significance of consumption for … Regulation. Then, it criticises it: (a) its Value theory, by arguing that the regulationist conception of the value of labour … relations between the two departments of production (c) Regulation’s analysis of the 1929 crisis as underconsumptionist …

Persistent link: https://www.econbiz.de/10015219852

A general refutation of Okishio’s theorem and a proof of the falling rate of profit

Freeman, Alan - 1998

This is the first published general refutation of the Okishio theorem. An earlier refutation based on a specific example was published by Kliman and McGlone in 1988. Okishio’s theorem, published in 1961, asserts that if real wages stay constant, the rate of profit necessarily rises in...

Persistent link: https://www.econbiz.de/10015219983

What happens in crashes? a non-equilibrium, value-theoretic approach to liquidity preference

Freeman, Alan - 1998

This paper, presented at the 1998 conference of the European Association for Evolutionary Political Economy in Lisbon, shows how variations in the value of money, and in the exchange rate between different moneys of account, lead to transfers of value on the one hand between national or...

Persistent link: https://www.econbiz.de/10015221851

A dialogue concerning the two chief systems of value

Freeman, Alan - 1998

This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...

Persistent link: https://www.econbiz.de/10015223575

Marxian debates on the falling rate of profit

Freeman, Alan - 2000

The purpose of this paper is to examine the discussion among marxists about the rate of profit. This is done by the method of symptomatic reading, hence in a different way from what has become standard. Beginning from the fact that Marx and his critics draw diametrically opposite conclusions...

Persistent link: https://www.econbiz.de/10015223675

Value and Marx: why it matters

Freeman, Alan - 2002

This is the English version of ‘Valore e Marx: Perche sono importanti’ which appeared in Vasopollo, L (2002) (ed) ‘Un Vecchio Falso Problema: La Transformazione dei valori in prezzi nel Capital di Marx’, Roma: Laboratoria per la critica sociale. It was presented at the May 2002...

Persistent link: https://www.econbiz.de/10015223960

Marx After Marx After Sraffa

Freeman, Alan - 2002

Single System Marxism, paper to the 2002 conference of the Eastern Economic Association; Mongiovi, Gary. 2002. Vulgar Economy … in Marxian Garb: A critique of temporal single-system Marxism, Review of Radical Political Economics 34:4, 393 …

Persistent link: https://www.econbiz.de/10015223965

Social surplus approach and heterodox economics

Lee, Frederic; Jo, Tae-Hee - 2010

Given the emphasis on social provisioning in heterodox economics, two of its central theoretical organizing principles are the concepts of the total social product and the social surplus. This appears to link heterodox economics to the social surplus approach associated with the classical...

Persistent link: https://www.econbiz.de/10015224848