Prepublication version of ‘Simultaneous Valuation vs. the Exploitation Theory of Profit: A summing up’, forthcoming in Capital and Class #94, Spring 2008 This paper examines the claims made by Simon Mohun and Roberto Veneziani in their Capital and Class #92 article entitled ‘The incoherence of the TSSI: a reply to Kliman and Freeman’. We show that they have effectively conceded that simultaneist interpretations of Marx’s theory contradict his conclusion that exploitation (workers’ surplus labor) is the exclusive source of profit in capitalism. We demonstrate the errors of logic in their claim that the TSS interpretation is incoherent. The debate thus confirms that the TSS interpretation – contrary to simultaneist interpretations – reproduce all Marx’s principal disputed conclusions and therefore constitutes a superior interpretation of his theory of value.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
6891.
Find related papers by JEL classification: B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist B4 - Schools of Economic Thought and Methodology - - Economic Methodology B31 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - Individuals B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
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