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

by Chris Byron, Alan Freeman, and Simon Mohun

Robert Paul Wolff, Nick Potts (Editor), Andrew Kliman (Editor), Chris Byron, Roberto Veneziani, Alan Freeman, and Simon Mohun

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This collection focuses on a long-running debate over the logical validity of Karl Marx's theory that exploitation is the exclusive source of capitalists' profits. The "Fundamental Marxian Theorem" was long thought to have shown that orthodox Marxian economics succeeds in replicating Marx's conclusion. The debate begins with Andrew Kliman's disproof of that claim.

On one side of the debate, representing orthodox Marxian economics, are contributions by Simon Mohun and Roberto Veneziani. Although they concede that their simultaneist models cannot replicate Marx's theory of profit in all cases, they insist that this is as good as it gets....Read more
  • ISBN10 0739196324
  • ISBN13 9780739196328
  • Publish Date 7 May 2015
  • Publish Status Active
  • Out of Print 27 May 2015
  • Publish Country US
  • Imprint Lexington Books
  • Format eBook
  • Pages 189
  • Language English