Marx without Equilibrium

This article presents a ‘sequential and non-dualist’ interpretation of Marx’s value theory. This terminology has since been replaced by the term ‘temporal single system’ (TSSI). In such an interpretation, values transform into prices in accordance with Marx’s two equalities, and the rate of profit falls in accordance with his formulation of the law of the tendency of the rate of profit to fall.

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Year of publication:	1995-07
Authors:	Freeman, Alan
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Rate of profit \| Marxist economics \| value theory \| Okishio Theorem \| TSSI

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	B12 - Classical ; B51 - Socialist; Marxian; Sraffian ; B14 - Socialist; Marxist
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005620102