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Simultaneous Valuation vs. the Exploitation Theory of Profit: A summing up

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  • Freeman, Alan
  • Kliman, Andrew

Abstract

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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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6891.

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Date of creation: Jan 2008
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Handle: RePEc:pra:mprapa:6891

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Related research

Keywords: Value; Price; Money; Labour; Marx; MELT; Okishio; TSSI; temporalism; rate of profit;

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  1. Mohun, Simon & Veneziani, Roberto, 2006. "The incoherence of the TSSI," MPRA Paper 30451, University Library of Munich, Germany.
  2. Kliman, Andrew & Freeman, Alan, 2006. "Replicating Marx: a Reply to Mohun," MPRA Paper 6890, University Library of Munich, Germany.
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Cited by:
  1. Cavalieri, Duccio, 2013. "Towards a revision of the theory of capital," MPRA Paper 47351, University Library of Munich, Germany.
  2. Cavalieri, Duccio, 2013. "On the theory of capital in post-industrial societies," MPRA Paper 51719, University Library of Munich, Germany.
  3. Mohun, Simon & Veneziani, Roberto, 2009. "The temporal single-system interpretation: underdetermination and inconsistency," MPRA Paper 30452, University Library of Munich, Germany.
  4. Kliman, Andrew & Freeman, Alan & Potts, Nick & Gusev, Alexey & Cooney, Brendan, 2013. "The Unmaking of Marx’s Capital: Heinrich’s Attempt to Eliminate Marx’s Crisis Theory," MPRA Paper 48535, University Library of Munich, Germany, revised 22 Jul 2013.
  5. Freeman, Alan, 2010. "Trends in Value Theory since 1881," MPRA Paper 48646, University Library of Munich, Germany, revised 04 Jan 2011.

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