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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

Explaining national inequality: the relevance of Marx and the irrelevance of equilibrium

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2007

This paper was originally presented at the ‘Marxism and Political Economy’ conference called by the International Socialist Journal on Saturday 29th September 2007. A revised version was presented to the Historical Materialism conference on 13th November 2007. It enquires why, although...

Persistent link: https://www.econbiz.de/10005790338

The Material Roots of Western Racism

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1998

This article assesses the US discussion on the material roots of racism in which writers such as Malcolm X have been heavily criticised by ‘marxists’ for substituting race for class in the analysis of society. The article argues that such criticism departs from the classical Marxist...

Persistent link: https://www.econbiz.de/10005835585

What makes the US Profit Rate Fall?

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2009

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...

Persistent link: https://www.econbiz.de/10005836233

The modernity of backwardness

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2007

This paper revisits one of the classic debates on world capitalist development – the ‘transition to capitalism’ debate framed in Robert Brenner’s classic critique of World Systems and Dependency Theory. It was originally presented to the July 2007 conference of the International...

Persistent link: https://www.econbiz.de/10005836280

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 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...

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

Crisis and the Poverty of Nations: Two Market Products Which Value Explains Better

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1999

This article appeared as ‘Crisis and the Poverty of Nations: Two Market Products Which Value Explains Better’, Symposium on Robert Brenner and the World Crisis, Historical Materialism No.5, Winter 1999, pp 29-77. London: LSE. ISSN 0 9532171 4 0 The original can be referenced at...

Persistent link: https://www.econbiz.de/10005837464

The temporal single-system interpretation: underdetermination and inconsistency

Mohun, Simon; Veneziani, Roberto - Volkswirtschaftliche Fakultät, … - 2009

arguments dispel previous criticisms of the temporal single system interpretation�(TSSI). Indeed the paper confirms the … suggestions of many critics that, as the missing parts of the TSSI theoretical constructs are provided, in particular the Monetary … Expression of Labour Time, the TSSI rests on inconsistency and arbitrary assumptions. …

Persistent link: https://www.econbiz.de/10009001189

The poverty of nations

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1996

Why, despite unceasing technical advance, do most people live in growing poverty, and why has the inequality between nations increased apparently without limit throughout the history of the world market? Thes two deeply-related (though distinct) problem reduce to the following: how is it that...

Persistent link: https://www.econbiz.de/10005837547