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Introduction to Michel Husson's 'Value and price: a critique of neo-Ricardian claims'

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  • Freeman, Alan

Abstract

This is a prepublication version of the published article of the same name and should be cited as "Freeman, A. 2018. Introduction to Michel Husson's 'Value and Price: a critique of neo-Ricardian Claims' Capital and Class Vol 42, Issue 3, 2018, pp 509-516" Michel Husson originally published this landmark article in French as Manuel Perez (1980). It thus offers a new generation of Marx scholars a resource which academic Marxism has rejected, except for a minority tradition in which this article played a foundational role: the opportunity to understand, and grapple with, Marx’s own economics. This introduction aims to explain, to such new readers, the key role which Husson’s article played in advancing our understanding of Marx’s theory of value. It appeared nine years after Paul Samuelson (1971) pronounced Marx’s value theory a failure, and three years after English Marxist Ian Steedman (1977) formally endorsed this verdict. Husson set out the first, and in many ways the most comprehensive concise rebuttal of these claims.

Suggested Citation

  • Freeman, Alan, 2017. "Introduction to Michel Husson's 'Value and price: a critique of neo-Ricardian claims'," MPRA Paper 89949, University Library of Munich, Germany, revised 10 Oct 2017.
    • Handle: RePEc:pra:mprapa:89949
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    File URL: https://mpra.ub.uni-muenchen.de/89949/1/MPRA_paper_89949.pdf
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    References listed on IDEAS

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    1. Samuelson, Paul, 2012. "Understanding the Marxian Notion of Exploitation: A Summary of the So-CalledTransformation Problem Between Marxian Values and Competitive Prices," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 182-202, August.
    2. Duncan K. Foley, 1982. "The Value of Money the Value of Labor Power and the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 37-47, June.
    3. Okishio, Nobuo, 2001. "Competition and Production Prices," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(4), pages 493-501, July.
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    More about this item

    Keywords

    Value; Marx; TSSI;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • C00 - Mathematical and Quantitative Methods - - General - - - General

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