IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/1539.html
   My bibliography  Save this paper

The Psychopathology of Walrasian Marxism

Author

Listed:
  • Freeman, Alan

Abstract

This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit rate. It seeks to explain why this approach to value is inaccessible to consciousness under present social relations, and why resistance to its acceptance has been particularly strong among Marxists. [1] Freeman, A. (1996b) ‘The psychopathology of Walrasian Marxism’, in Freeman, A.. and Carchedi, G. (eds) (1996), Marx and Non-Equilibrium Economics, pp1-29. Cheltenham: Edward Elgar. ISBN 1 85898 268 5.

Suggested Citation

  • Freeman, Alan, 1996. "The Psychopathology of Walrasian Marxism," MPRA Paper 1539, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:1539
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/1539/1/MPRA_paper_1539.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bowles, Samuel, 1985. "The Production Process in a Competitive Economy: Walrasian, Neo-Hobbesian, and Marxian Models," American Economic Review, American Economic Association, vol. 75(1), pages 16-36, March.
    2. Hodgson, Geoff M, 1981. "Money and the Sraffa System," Australian Economic Papers, Wiley Blackwell, vol. 20(36), pages 83-95, June.
    3. M. C. Howard & J. E. King, 1987. "Friedrich Engels and the Prize Essay Competition in the Marxian Theory of Value," History of Political Economy, Duke University Press, vol. 19(4), pages 571-589, Winter.
    4. Richard D. Wolff & Antonino Callari & Bruce Roberts, 1984. "A Marxian Alternative to the Traditional "Transformation Problem"," Review of Radical Political Economics, Union for Radical Political Economics, vol. 16(2-3), pages 115-135, June.
    5. Morgenstern, Oskar, 1972. "Thirteen Critical Points in Contemporary Economic Theory: An Interpretation," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1163-1189, December.
    6. 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.
    7. Michael A. Lebowitz, 1992. "Beyond Political Economy," Palgrave Macmillan Books, in: Beyond Capital, chapter 8, pages 141-157, Palgrave Macmillan.
    8. Michele I. Naples, 1985. "Dynamic Adjustment and Long-Run Inflation in a Marxian Model," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 8(1), pages 97-112, September.
    9. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720.
    10. Baumol, William J, 1974. "The Transformation of Values: What Marx "Really" Meant (An Interpretation)," Journal of Economic Literature, American Economic Association, vol. 12(1), pages 51-62, March.
    11. Philip Arestis, 1992. "The Post-Keynesian Approach to Economics," Books, Edward Elgar Publishing, number 16.
    12. Glick, Mark & Ehrbar, Hans G, 1987. "The Transformation Problem: An Obituary," Australian Economic Papers, Wiley Blackwell, vol. 26(49), pages 294-317, December.
    13. José Alberro & Joseph Persky & José Alberro & Joseph Persky, 1981. "The Dynamics of Fixed Capital Revaluation and Scrapping," Review of Radical Political Economics, Union for Radical Political Economics, vol. 13(2), pages 32-37, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. Fabio petri, 2012. "On recent reformulations of the labour theory of value," Department of Economics University of Siena 643, Department of Economics, University of Siena.
    3. Freeman, Alan, 1997. "If they're so rich, why ain't they smart? Another prelude to the critique of economic theory," MPRA Paper 52699, University Library of Munich, Germany, revised 04 Feb 2013.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Freeman, Alan, 1996. "Price, value and profit – a continuous, general, treatment," MPRA Paper 1290, University Library of Munich, Germany.
    2. Freeman, Alan, 2010. "Trends in Value Theory since 1881," MPRA Paper 48646, University Library of Munich, Germany, revised 04 Jan 2011.
    3. Gabriel Montes-Rojas, 2017. "A Capital Invariant Solution to the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(1), pages 114-124, March.
    4. 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.
    5. Dong‐Min Rieu, 2008. "Estimating Sectoral Rates Of Surplus Value: Methodological Issues," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 557-573, November.
    6. Massimo Cingolani, 2015. "Sylos Labini su Marx: implicazioni per la politica economica (Sylos Labini on Marx: economic policy implications)," Moneta e Credito, Economia civile, vol. 68(269), pages 81-147.
    7. 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.
    8. Eckhard Hein, 2019. "Karl Marx: an early post-Keynesian? A comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 16(2), pages 238-259, September.
    9. Jonathan F. Cogliano, 2021. "Marx's Equalized Rate of Exploitation," Working Papers 2021-01, University of Massachusetts Boston, Economics Department.
    10. Freeman, Alan & Kliman, Andrew, 1998. "Simultaneous and Temporal Valuation Contrasted," MPRA Paper 52805, University Library of Munich, Germany, revised 23 Sep 1998.
    11. Dostaler, Gilles, 1996. "Gérard Jorland, Les paradoxes du capital, Paris, Odile Jacob, 1995, 520 p," L'Actualité Economique, Société Canadienne de Science Economique, vol. 72(1), pages 103-108, mars.
    12. Freeman, Alan, 1996. "Ernest Mandel's Contribution to Economic Dynamics," MPRA Paper 64974, University Library of Munich, Germany, revised 30 Nov 1996.
    13. Fred Moseley, 2000. "The "New Solution" to the Transformation Problem: A Sympathetic Critique," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(2), pages 282-316, June.
    14. Downward, Paul, 2004. "Post Keynesian pricing theory: Alternative foundations and prospects for future research," Journal of Economic Psychology, Elsevier, vol. 25(5), pages 661-670, October.
    15. 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.
    16. Robert Prasch, 2003. "How is Labor Distinct From Broccoli? Some Unique Characteristics of Labor and Their Importance for Economic Analysis and Policy," Middlebury College Working Paper Series 03-30, Middlebury College, Department of Economics.
    17. Canale, Rosaria Rita, 2003. "Microfoundations of macroeconomics. Post-Keynesian contributions on the theory of the firm," MPRA Paper 2713, University Library of Munich, Germany, revised 2005.
    18. Freeman, Alan, 1995. "Marx without Equilibrium," MPRA Paper 1207, University Library of Munich, Germany.
    19. Deepankar Basu, 2017. "Quantitative Empirical Research In Marxist Political Economy: A Selective Review," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1359-1386, December.
    20. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.

    More about this item

    Keywords

    Temporalism; TSSI; Value; Marx; rate of profit; transformation; non-equilibrium; Walras;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:1539. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.