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

profit rate, as a consequence of the interpretation of Marx’s value theory within a general equilibrium framework, introduced …This article presents a detailed textual analysis of Marx’s actual account of the tendency of the rate of profit to … fall and attempts to recover the initial logic of the analysis It sets this against early discussion on Marx’s value theory …

suppressed non-equilibrium tradition in economic thought. It suggests that in this light, Marx has more in common with Austrian … historical analysis of the origins of the general equilibrium or comparative static approach and demonstrates that economic … thought as a whole is divided, in each of its schools of thought, between the equilibrium paradigm and its alternative, the …

This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal …] Freeman, A. (1996b) ‘The psychopathology of Walrasian Marxism’, in Freeman, A.. and Carchedi, G. (eds) (1996), Marx and Non-Equilibrium …) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces …

, shows how variations in the value of money, and in the exchange rate between different moneys of account, lead to transfers …

Labour Time (MELT), the general ratio between monetary and labour time magnitudes, for a single national economy, but does …

This paper develops the paper entitled ‘‘Time, the Value of Money and the Quantification of Value’ which was presented … marginal, but the chasm between time and equilibrium. This divide is found in more or less every branch and every period in the … history of economic thought; the classical variant of equilibrium appeared as Say’s Law, while the Austrians tried to become …

such a concept of value may have universal applicability, price has to be reformulated as a form of value, and money …-ignored assertion of Marx, repeated throughout his works, that the equality of supply and demand is contingent and their non … fundamental and unrecognised difference between Marx’s approach and that of the classicals also distinguishes Marx from most …