Read e-book online Is Marx's Theory of Profit Right?: The PDF

By Nick Potts,Andrew Kliman,Chris Byron,Alan Freeman,Simon Mohun,Roberto Veneziani,Robert Paul Wolff

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

On one facet of the controversy, representing orthodox Marxian economics, are contributions by means of Simon Mohun and Roberto Veneziani. even though they concede that their simultaneist versions can't mirror Marx’s thought of revenue in all circumstances, they insist that this can be pretty much as good because it will get. at the different facet, representing the temporal single-system interpretation of Marx’s conception (TSSI), are contributions via Kliman and Alan Freeman. They argue that his thought is logically legitimate, because it can certainly be replicated while it truly is understood in response to the TSSI.

While the controversy at the beginning inquisitive about logical issues, problems with pluralism, fact, and scientificity more and more assumed heart degree. In his advent to the quantity, Nick Potts situates the controversy in its old context and argues forcefully that the arguments of the orthodox Marxist economists, and the style during which these arguments have been couched, have been “suppressive and opposite to clinical norms.”

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

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Is Marx's Theory of Profit Right?: The Simultaneist–Temporalist Debate (Heterodox Studies in the Critique of Political Economy) by Nick Potts,Andrew Kliman,Chris Byron,Alan Freeman,Simon Mohun,Roberto Veneziani,Robert Paul Wolff


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