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

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 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/10005836022

The Emperor's Tailor: The Economists and the Crash of ‘98

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1999

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...

Persistent link: https://www.econbiz.de/10005836327

Time, the value of money and the quantification of value

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1998

This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of … Labour Time (MELT), the general ratio between monetary and labour time magnitudes, for a single national economy, but does …

Persistent link: https://www.econbiz.de/10005836395

Why Quantitative Marxism?

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1991

circuits of revenue which deals specifically with social reproduction, and a detailed treatment of unproductive labour …

Persistent link: https://www.econbiz.de/10011257843

The Road to Market Serfdom: Why Economics is Not a Science and How to Fix it.

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2013

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...

Persistent link: https://www.econbiz.de/10011260071

National Accounts in Value Terms: The Social Wage and Profit Rate in Britain 1950-1986

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1991

might be thought, the reduction of money categories to labour time categories: though this is desirable particularly when … single source of value added (labour) instead of, as in the standard accounts, the normal three sources of value which are … Marx’s ‘Holy Trinity’ of capital, land and labour. The consequence of bestowing on land and capital the property of …

Persistent link: https://www.econbiz.de/10011260853

Measuring the UK Economy (Conference Paper)

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1999

This paper was presented to the annual conference of Radical Statistics Journal. It develops the ideas in Freeman (1991) concerning the construction of national accounts in value terms. It was the immediate precursor of Freeman (1999), my chapter in Dorling (2001).

Persistent link: https://www.econbiz.de/10011114424

What happens in recessions? A value-theoretic approach to Liquidity Preference

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1998

This paper develops the paper entitled ‘‘Time, the Value of Money and the Quantification of Value’ which was presented at the conference of the Middle East Technical University in September 1998. It presents the case for a value-theoretic treatment of liquidity preference in axiomatic...

Persistent link: https://www.econbiz.de/10005790140

The Godless Religion: Economics, Equilibrium, and the Copernican Revolution

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2001

The paper argues that a formal, and fruitful, historical analogy can be drawn between economics and a religious hierarchy, most notably the mediaeval Catholic church. This idea was fully developed in Freeman (2007), ‘Heavens Above: what equilibrium means for economics’, in Mosini, V (ed)...

Persistent link: https://www.econbiz.de/10004991289

Die Himmel über uns: Über die Bedeutung des Gleichgewichts für die Wirtschaftswissenschaft

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2006

This article was published in Freeman, Alan (2006): Die Himmel über uns. Über die Bedeutung des Gleichgewichts für die Wirtschaftswissenschaft, EXIT! Krise und Kritik der Warengesellschaft 3, 212-241 It is the German translation of an chapter originally published in Mosini, V (ed) (2007)...

Persistent link: https://www.econbiz.de/10005621679