This article was submitted in 1999 to the Review of Radical Political Economy but was rejected. It responds to Gérard Duménil and Dominique Lévy’s (1999) “The conservation of value: a rejoinder to Alan Freeman”. This was a critique of the Temporal Single-System (TSS) interpretation of...

This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...

This paper was submitted to the 2001 conference of the International Working Group on Value Theory at the Eastern Economic Association. It was an initial short response to the idea, which has become common amongst Simultaneoust Marxist Economists, that in Marx’s theory, equilibrium or...

This paper was presented to the May 2013 conference of the Postglobalization Initiative in Moscow, and deals with the function of economics in the modern world order. It seeks to explain why, as a profession (notwithstanding individual exceptions) economics failed to predict the crisis that...

This joint paper was presented to the Marx International II conference in Paris, 30th September-2nd October 1998. It sets out the principal propositions of the Temporal Single System Interpretation of Marx’s theory of value in a systematic and comprehensive way, making it a reference document...

This paper reproduces, for archival purposes, chapter 5, of the same name, which appeared in Dunne (1991). It represents one of the first systematic attempts that I know of, to present complete ‘Value National Accounts’, that is to say, accounts presenting social reproduction in terms of the...

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...

Since world war II there have been two quite distinct phases of world growth. In about 1965, a long slowdown set in which has still not ended. Robert Brenner (2002, 2003) has re-ignited the debate about its causes, claiming that nothing in either present or past economic theory explains it. He...

The paper examines the the profession of economics in the light of its disarray in the face of the financial crash of 1998 We subject the profession to a theoretical and historical enquiry, examining both its reaction to the empirical facts of its failures, and the manner in which its...

This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of outputs from any process or sector of a market economy. It exhibits the temporal calculation of the Monetary Equivalent of Labour Time (MELT), the general ratio between monetary...