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glevy@xxxxxxxxx wrote:
Metroeconomica 55:1 (2004) 96–114 THE TEMPORAL SINGLE-SYSTEM INTERPRETATION OF MARX’S ECONOMICS: A CRITICAL EVALUATION Roberto Veneziani* London School of Economics and Political Sciences and Università degli Studi di Siena (October 2002; revised November 2002) ABSTRACT The temporal single-system (TSS) quantitative approach to Marx’s economics is analysed. It is shown that TSS models lack a clear equilibrium concept and a coherent (dis)equilibrium methodology, and that Marx’s propositions on value and exploitation are tautologically obtained (i) by constructing a money costs theory of value, where by assumption values are equal to market prices, apart possibly from short-run deviations; and (ii) by arbitrarily assuming that the undefined monetary _expression_ of labour time is positive. In general, the shortcomings of the analytical framework make TSS claims, including the proofs of the law of the tendential fall in the profit rate, unwarranted. Does any body know if there is a response of the TSS followers to this critic? By the way Steedman suport this critic to TSS. Cordialmente Alejandro Valle Baeza --
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- [OPE-L] Andrew Kliman's wikipedia article on TSSI, Jurriaan Bendien Sun 08 Apr 2007, 18:05 GMT
- Re: [OPE-L] Andrew Kliman's wikipedia article on TSSI, glevy Sun 08 Apr 2007, 19:00 GMT
- Re: [OPE-L] Andrew Kliman's wikipedia article on TSSI, Paul Zarembka Sun 08 Apr 2007, 21:46 GMT
- Re: [OPE-L] Andrew Kliman's wikipedia article on TSSI, glevy Mon 09 Apr 2007, 00:42 GMT
- Re: [OPE-L] Andrew Kliman's wikipedia article on TSSI, Alejandro Valle Baeza Mon 09 Apr 2007, 12:15 GMT
- Re: [OPE-L] Andrew Kliman's wikipedia article on TSSI, Rakesh Bhandari Mon 09 Apr 2007, 03:40 GMT
- Re: [OPE-L] Andrew Kliman's wikipedia article on TSSI, glevy Sun 08 Apr 2007, 19:57 GMT
- [OPE-L] World Association for Political Economy, Paul Cockshott Sun 08 Apr 2007, 21:41 GMT
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- [OPE-L] Andrew Kliman's wikipedia article on TSSI, Jurriaan Bendien Mon 09 Apr 2007, 11:57 GMT