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The temporal single-system interpretation: underdetermination and inconsistency

Author

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  • Mohun, Simon
  • Veneziani, Roberto

Abstract

This paper critically evaluates a recent contribution by Kliman and Freeman (2009). It is argued that none of their 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.

Suggested Citation

  • Mohun, Simon & Veneziani, Roberto, 2009. "The temporal single-system interpretation: underdetermination and inconsistency," MPRA Paper 30452, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:30452
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    File URL: https://mpra.ub.uni-muenchen.de/30452/1/MPRA_paper_30452.pdf
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    References listed on IDEAS

    as
    1. Alan Freeman, 1998. "A General Refutation of Okishio’s Theorem and a Proof of the Falling Rate of Profit," Palgrave Macmillan Books, in: Riccardo Bellofiore (ed.), Marxian Economics: A Reappraisal, chapter 10, pages 139-162, Palgrave Macmillan.
    2. Alan Freeman & Guglielmo Carchedi (ed.), 1996. "Marx and Non-equilibrium Economics," Books, Edward Elgar Publishing, number 737.
    3. Andrew Kliman & Ted McGlone, 1999. "A Temporal Single-system Interpretation of Marx's Value Theory," Review of Political Economy, Taylor & Francis Journals, vol. 11(1), pages 33-59.
    4. Freeman, Alan & Kliman, Andrew, 2008. "Simultaneous Valuation vs. the Exploitation Theory of Profit: A summing up," MPRA Paper 6891, University Library of Munich, Germany.
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    Cited by:

    1. Simon Mohun & Roberto Veneziani, 2017. "Value, Price, And Exploitation: The Logic Of The Transformation Problem," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1387-1420, December.
    2. Jonathan F. Cogliano, 2017. "Surplus Value Production and Realization in Marxian Theory - Applications to the U.S., 1987-2015," Working Paper Series 2017-01, Dickinson College, Department of Economics.

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    More about this item

    Keywords

    Value; exploitation; TSSI.;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian

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