Is Marx's Theory of Profit Right?: The Simultaneist-Temporalist Debate (Heterodox Studies in the Critique of Political Economy)

Is Marx's Theory of Profit Right?: The Simultaneist-Temporalist Debate (Heterodox Studies in the Critique of Political Economy)


This assortment makes a speciality of a long-running debate over the logical validity of Karl Marx’s idea that exploitation is the specific resource of capitalists’ gains. The “Fundamental Marxian Theorem” was once lengthy concept to have proven that orthodox Marxian economics succeeds in replicating Marx’s end. the talk starts with Andrew Kliman’s disproof of that declare.

On one facet of the talk, representing orthodox Marxian economics, are contributions through Simon Mohun and Roberto Veneziani. even if they concede that their simultaneist types can't reflect Marx’s thought of revenue in all circumstances, they insist that this is often nearly as good because it will get. at the different aspect, representing the temporal single-system interpretation of Marx’s concept (TSSI), are contributions by means of Kliman and Alan Freeman. They argue that his concept is logically legitimate, because it can certainly be replicated while it truly is understood based on the TSSI.

While the talk at first inquisitive about logical matters, problems with pluralism, fact, and scientificity more and more assumed middle degree. In his creation to the amount, Nick Potts situates the controversy in its ancient context and argues forcefully that the arguments of the orthodox Marxist economists, and the way within which these arguments have been couched, have been “suppressive and opposite to medical norms.”

The quantity concludes with a 2014 debate, within which a few of the similar matters re-surfaced, among the thinker Robert Paul Wolff and proponents of the TSSI.

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