Trends in Value Theory since 1881

Abstract: This is a prepublication version of an article which originally appeared in the World Review of Political Economy. Please cite as Freeman, A. 2010. ‘Trends in Value Theory since 1881’, World Review of Political Economy Volume 1 No. 4, Fall 2010. pp567-605. The article surveys the key ideas and currents of thinking about Marx’s value theory since he died. It does so by studying their evolution, in their historical context, through the lens of the Temporal Single System Interpretation (TSSI) of Marx’s ideas, an approach to Marx’s theory of value which has secured significant attention in recent years. The article explains the TSSI and highlights the milestones which led to the evolution of its key concepts.