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The discontents of Marxism
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2007
This is a pre-publication version of a full-length review of Kuhn, R. (2007) Henryk Grossman and the Recovery of Marxism. Urbana and U of Illinois. Please cite as Freeman, A. 2008. ‘The Discontents of Marxism’. Debatte, 16 (1), April 2008 pp. 122-131
Persistent link: https://www.econbiz.de/10011258894
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The shift from contradiction to redundancy in the critique of the labour theory of value
Lopes, Tiago Camarinha - In: International Journal of Pluralism and Economics Education 4 (2013) 3, pp. 263-273
The two main critiques of the labour theory of value - the critique of contradiction and the critique of redundancy - are presented along with the history of the debate on the transformation problem of values into production prices. The paper argues that the overall shift from the critique of...
Persistent link: https://www.econbiz.de/10010722747
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Reappraising the classics - the case for a dynamic reformulation of the labour theory of value
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1994
This article argues that simultaneous equation systems, widely regarded as a standard formalisation of labour value theory, import equilibrium assumptions which rule out a realistic or consistent theory of price formation. An alternative, dynamic formalisation exists yielding time-varying or...
Persistent link: https://www.econbiz.de/10005789716
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Mr Marx and the neoclassics
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1996
This article, presented to the Annual Conference of the History of Economics Society, Vancouver July 1996, gives a 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...
Persistent link: https://www.econbiz.de/10005790444
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Value and the foundation of Economic Dynamics
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1994
This article constructs time-varying labour value measures free of such restrictions and shows that they call for a radical re-evaluation of this century's debate on value. We exhibit a counter-example to the Okishio theorem in which labour-saving innovation leads to a continuously-falling...
Persistent link: https://www.econbiz.de/10005619551
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Marx without Equilibrium
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1995
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...
Persistent link: https://www.econbiz.de/10005620102
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Relative Surplus Value and Expanded Reproduction
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1995
Luxemburg’s Accumulation of Capital, which asked the question: how can capitalism reproduce itself? It was continued by many … order for capitalism to exist on the basis of Marx’s equations for simple and for expanded reproduction. If one confines … capitalism, namely technical change as the driving force of accumulation. The effect of technical progress is not only to …
Persistent link: https://www.econbiz.de/10005622020
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The Course of the Profit Rate
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2015
In discussions on the rate of profit and its tendency to fall and its role in Marxist theory, a number of phrases are often employed without clarifying what these might really mean. Primary among these are such phrases as ‘the rate of profit must ultimately fall’ and ‘the counter-acting...
Persistent link: https://www.econbiz.de/10011163538
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WHY CAPITALISM SURVIVES CRISES: THE SHOCK ABSORBERS
Zarembka, Paul (contributor) - Department of Economics, State University of New …
political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on … individuals, absorbs the massive surpluses of produced commodities while buffering capitalism against the declines of values …
Persistent link: https://www.econbiz.de/10011189209
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Economy of post-Communist capitalism under the financial crisis
Papava, Vladimer - In: Studies in Economics and Finance 27 (2010) June, pp. 135-147
Purpose – The purpose of this paper is to distinguish the economic foundations of post-Communist capitalism and to …/methodology/approach – This question is approached by studying the “necroeconomy” as a phenomenon of post-Communist capitalism and the … countries of post-Communist capitalism owing also to their exposure to necroeconomy. Findings – It is found that the financial …
Persistent link: https://www.econbiz.de/10009392942