Andrew Kliman
Dados Biográficos
| ID | 711515 |
|---|---|
| NOME | Andrew Kliman |
| PRENOMES | Andrew |
| SOBRENOME | Kliman |
| ASSINATURA | KLIMAN A |
| AFILIAÇÕES | Pace University |
| VERIFICADO | Não |
| TOTAL DE OBRAS | 24 |
| TOTAL DE CITAÇÕES | 27 |
| TOTAL COMO AUTOR | 23 |
| TOTAL COMO EDITOR | 1 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1988 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2018 |
| ÍNDICE H | 4 |
Capital
This chapter explicates Marx’s concept of capital and highlights its centrality to his book Capital, arguing that Capital is specifically about capital, not all of capitalist society. In Marx’s conception, capital has two forms, money and means of production, but capital itself is the process of self-expansion of value, or valorization. The commodity fetish and subsumption of labor under capital are explored in relation to this. Employing Marx’s …
Is Marx's Theory of Profit Right?
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 contributio…
Income inequality, managers' compensation and the falling rate of profit
Evidence based on US government statistics indicates that the rate of profit fell and employees' share of output was trendless between 1970 and the Great Recession. This paper defends that evidence by showing that it is compatible with phenomena that may initially seem to contradict it; that is, rising income inequality and rising managerial compensation. While some other studies claim that managers' compensation and the 'class' rate of profit sk…
The Great Recession and Marx's Crisis Theory
To help understand why the Great Recession occurred, this article focuses on its underlying causes and employs Karl Marx's theory of capitalist economic crisis. It shows that U.S. corporations' rate of return on fixed asset investment fell throughout the half-century preceding the recession, and that this fall accounts for the entire decline in their rate of capital accumulation (productive investment). The investment slowdown led to a decline in…
The Unmaking of Marx's Capital
The Failure of Capitalist Production
The disintegration of the Marxian school
This paper argues that the renewed relevance and strengthened theoretical foundations of Marxian value theory will not matter unless the long-term disintegration of Marxian economics is reversed, and that this disintegration has largely been caused by internal factors. These include a lack of common standards and criteria of justification; an 'every man his own Marxist' ethos; the quest to make Marxian economics respectable; the pursuit of 'produ…
The Destruction of Capital” and the Current Economic Crisis
One key concept in Karl Marx's theory of capitalist economic crisis is “the destruction of capital through crises” (Marx 1989: 127). He meant by this not only the destruction of physical capital as
Simultaneous valuation vs. the exploitation theory of profit
This paper examines the claims made by Simon Mohun and Roberto Veneziani in their article ‘The incoherence of the TSSI: A reply to Kliman and Freeman’, published in Capital & Class, no. 92. We show that they have effectively conceded that simultaneist interpretations of Marx's theory contradict his conclusion that exploitation (workers' surplus labour) is the exclusive source of profit in capitalism. We demonstrate the errors of logic in their cl…
Reclaiming Marx's “Capital”
This book seeks to reclaim Capital from the myth of internal inconsistency, a myth that serves to justify the censorship of Marx's critique of political economy and present-day research based upon it. Andrew Kliman shows that the alleged inconsistencies are actually caused by misinterpretation. By modifying the standard interpretation of Marx's value theory in two simple ways, the recent 'temporal single-system interpretation' eliminates all of t…
Exploitation
Exploitation occurs when someone or something (e.g., a material resource, an opportunity) is used or taken advantage of. Social scientists are chiefly concerned with the exploitation of people and classes, who are generally considered exploited if they are required, by force or by circumstances, to contribute more to some process than they receive in return. Crucially important to Marxian thought, the concept of exploitation is also employed in n…
Screpanti versus Marx on exploitation
Ernesto Screpanti recently claimed to prove that Marx's value theory is logically inconsistent. Jettisoning the value theory, he then reconstructed Marx's theory of exploitation in a manner that supposedly preserves the gist of the original. This note shows that Screpanti's proof of inconsistency is invalid and that his reconstruction contradicts the original theory of exploitation in significant ways, for instance by implying that workers who pe…
Replicating Marx
This is a prepublication version of 'Replicating Marx: a reply to Mohun', Capital and Class No. 88, Spring 2006, pp 117-123. ISSN 0309 8168 Kliman (2001) showed that simultaneist interpretations - those which hold that Marx valued inputs and outputs simultaneously - contradict his exploitation theory of profit, while the temporal single-system interpretation (TSSI) conforms to it. Mohun, S. 2003. On the TSSI and the Exploitation Theory of Profit,…
Two concepts of value, two rates of profit, two laws of motion
Research in the temporal single-system (TSS) interpretation of Marx's value theory has refuted the Okishio theorem, which had supposedly disproved the law of the falling profit rate. In response to critics who confirm the correctness of the TSS refutation but, curiously, still uphold the Okishio theorem, this paper clarifies what the theorem actually asserts and why that assertion is false. It also shows that TSS results do matter: the contradict…
Spurious Value-Price Correlations
During the last two decades, many Marxian economists have brought forth empirical evidence that supposedly supports a version of the “labor theory of value” that Marx rejected, namely the theory that individual commodities’ prices tend to equal their values. However, recent studies have challenged this conclusion. The present paper offers additional evidence and arguments against it. Firstly, the theory in question implies that prices will be hig…
The New Value Controversy and the Foundations of Economics
This sequel to Marx and Non-Equilibrium Economics introduces the key advances in modern value theory. Leading authors with contrasting theoretical viewpoints debate equilibrium and non-equilibrium approaches, abstract labour and money, and provide an invaluable introduction to the rapidly growing body of new work in these fields
Simultaneous Valuation vs. the Exploitation Theory of Profit
This paper shows that interpretations of Marx's value theory which value inputs and outputs simultaneously imply that surplus-labor is not the sole source of profit-even in the absence of joint production. Contrary results, such as the Fundamental Marxian Theorem, rely crucially on restrictive and implausible conditions that are shown to be unnecessary for reproduction. In contrast, the temporal single-system interpretation conforms to the exploi…
Marx's Concept of Intrinsic Value
This paper aims to show that the concept of intrinsic value — value as distinct from exchange-value — became an increasingly important element of Karl Marx's critique of political economy. The existence of the distinction is not unknown, but its importance to Marx's work is under-appreciated and the nature of the distinction is often misunderstood
A Temporal Single-system Interpretation of Marx's Value Theory
This paper presents an interpretation of the quantitative dimension of Marx's value theory in which prices and values are determined interdependently and within historical time. This interpretation is then shown to refute allegations that his value theory suffers from internal inconsistencies. Among the issues considered are Marx's law of the falling rate of profit, the alleged redundancy of value, value determination under joint production, and …
Technological Disemployment in the Neoclassical Model
One system or two? The transformation of values into prices of production versus the transformation problem
This new volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a profound critical reappraisal of Marx’s theoretical work and its relation to modern economics.
A value-theoretic critique of the Okishio theorem
This new volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a profound critical reappraisal of Marx’s theoretical work and its relation to modern economics.
Value in Process’
In response to Michele Naples' critique, the author suggests that the dispute revolves around different concepts of value. Exploring the contrast between Marx's concept of value as a ‘self-moving substance’ and technological determinist concepts, this paper further develops Kliman and McGlone's view of the value-price transformation
The transformation non-problem and the non-transformation problem
Most criticisms of Marx's attempt to solve the transformation problem focus on his failure to separate value and price calculations. It is argued here that there is nothing wrong with Marx's approach once it is construed as an exercise in dialectics rather than some attempt to map mathematically values on to prices. Consequently, much of the debate over values and the transformation of values has been wrongly directed at matters of mathematical t…
A Temporal Single-system Interpretation of Marx's Value Theory
This paper presents an interpretation of the quantitative dimension of Marx's value theory in which prices and values are determined interdependently and within historical time. This interpretation is then shown to refute allegations that his value theory suffers from internal inconsistencies. Among the issues considered are Marx's law of the falling rate of profit, the alleged redundancy of value, value determination under joint production, and …
The Destruction of Capital” and the Current Economic Crisis
One key concept in Karl Marx's theory of capitalist economic crisis is “the destruction of capital through crises” (Marx 1989: 127). He meant by this not only the destruction of physical capital as
Replicating Marx
This is a prepublication version of 'Replicating Marx: a reply to Mohun', Capital and Class No. 88, Spring 2006, pp 117-123. ISSN 0309 8168 Kliman (2001) showed that simultaneist interpretations - those which hold that Marx valued inputs and outputs simultaneously - contradict his exploitation theory of profit, while the temporal single-system interpretation (TSSI) conforms to it. Mohun, S. 2003. On the TSSI and the Exploitation Theory of Profit,…
Simultaneous Valuation vs. the Exploitation Theory of Profit
This paper shows that interpretations of Marx's value theory which value inputs and outputs simultaneously imply that surplus-labor is not the sole source of profit-even in the absence of joint production. Contrary results, such as the Fundamental Marxian Theorem, rely crucially on restrictive and implausible conditions that are shown to be unnecessary for reproduction. In contrast, the temporal single-system interpretation conforms to the exploi…
The transformation non-problem and the non-transformation problem
Most criticisms of Marx's attempt to solve the transformation problem focus on his failure to separate value and price calculations. It is argued here that there is nothing wrong with Marx's approach once it is construed as an exercise in dialectics rather than some attempt to map mathematically values on to prices. Consequently, much of the debate over values and the transformation of values has been wrongly directed at matters of mathematical t…
Simultaneous valuation vs. the exploitation theory of profit
This paper examines the claims made by Simon Mohun and Roberto Veneziani in their article ‘The incoherence of the TSSI: A reply to Kliman and Freeman’, published in Capital & Class, no. 92. We show that they have effectively conceded that simultaneist interpretations of Marx's theory contradict his conclusion that exploitation (workers' surplus labour) is the exclusive source of profit in capitalism. We demonstrate the errors of logic in their cl…
Income inequality, managers' compensation and the falling rate of profit
Evidence based on US government statistics indicates that the rate of profit fell and employees' share of output was trendless between 1970 and the Great Recession. This paper defends that evidence by showing that it is compatible with phenomena that may initially seem to contradict it; that is, rising income inequality and rising managerial compensation. While some other studies claim that managers' compensation and the 'class' rate of profit sk…
The Great Recession and Marx's Crisis Theory
To help understand why the Great Recession occurred, this article focuses on its underlying causes and employs Karl Marx's theory of capitalist economic crisis. It shows that U.S. corporations' rate of return on fixed asset investment fell throughout the half-century preceding the recession, and that this fall accounts for the entire decline in their rate of capital accumulation (productive investment). The investment slowdown led to a decline in…
The disintegration of the Marxian school
This paper argues that the renewed relevance and strengthened theoretical foundations of Marxian value theory will not matter unless the long-term disintegration of Marxian economics is reversed, and that this disintegration has largely been caused by internal factors. These include a lack of common standards and criteria of justification; an 'every man his own Marxist' ethos; the quest to make Marxian economics respectable; the pursuit of 'produ…
Technological Disemployment in the Neoclassical Model
Value in Process’
In response to Michele Naples' critique, the author suggests that the dispute revolves around different concepts of value. Exploring the contrast between Marx's concept of value as a ‘self-moving substance’ and technological determinist concepts, this paper further develops Kliman and McGlone's view of the value-price transformation
The transformation non-problem and the non-transformation problem
Most criticisms of Marx's attempt to solve the transformation problem focus on his failure to separate value and price calculations. It is argued here that there is nothing wrong with Marx's approach once it is construed as an exercise in dialectics rather than some attempt to map mathematically values on to prices. Consequently, much of the debate over values and the transformation of values has been wrongly directed at matters of mathematical t…
Value in Process’
In response to Michele Naples' critique, the author suggests that the dispute revolves around different concepts of value. Exploring the contrast between Marx's concept of value as a ‘self-moving substance’ and technological determinist concepts, this paper further develops Kliman and McGlone's view of the value-price transformation
One system or two? The transformation of values into prices of production versus the transformation problem
This new volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a profound critical reappraisal of Marx’s theoretical work and its relation to modern economics.
A value-theoretic critique of the Okishio theorem
This new volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a profound critical reappraisal of Marx’s theoretical work and its relation to modern economics.
Technological Disemployment in the Neoclassical Model
A Temporal Single-system Interpretation of Marx's Value Theory
This paper presents an interpretation of the quantitative dimension of Marx's value theory in which prices and values are determined interdependently and within historical time. This interpretation is then shown to refute allegations that his value theory suffers from internal inconsistencies. Among the issues considered are Marx's law of the falling rate of profit, the alleged redundancy of value, value determination under joint production, and …
Marx's Concept of Intrinsic Value
This paper aims to show that the concept of intrinsic value — value as distinct from exchange-value — became an increasingly important element of Karl Marx's critique of political economy. The existence of the distinction is not unknown, but its importance to Marx's work is under-appreciated and the nature of the distinction is often misunderstood
Simultaneous Valuation vs. the Exploitation Theory of Profit
This paper shows that interpretations of Marx's value theory which value inputs and outputs simultaneously imply that surplus-labor is not the sole source of profit-even in the absence of joint production. Contrary results, such as the Fundamental Marxian Theorem, rely crucially on restrictive and implausible conditions that are shown to be unnecessary for reproduction. In contrast, the temporal single-system interpretation conforms to the exploi…
Two concepts of value, two rates of profit, two laws of motion
Research in the temporal single-system (TSS) interpretation of Marx's value theory has refuted the Okishio theorem, which had supposedly disproved the law of the falling profit rate. In response to critics who confirm the correctness of the TSS refutation but, curiously, still uphold the Okishio theorem, this paper clarifies what the theorem actually asserts and why that assertion is false. It also shows that TSS results do matter: the contradict…
Spurious Value-Price Correlations
During the last two decades, many Marxian economists have brought forth empirical evidence that supposedly supports a version of the “labor theory of value” that Marx rejected, namely the theory that individual commodities’ prices tend to equal their values. However, recent studies have challenged this conclusion. The present paper offers additional evidence and arguments against it. Firstly, the theory in question implies that prices will be hig…
The New Value Controversy and the Foundations of Economics
This sequel to Marx and Non-Equilibrium Economics introduces the key advances in modern value theory. Leading authors with contrasting theoretical viewpoints debate equilibrium and non-equilibrium approaches, abstract labour and money, and provide an invaluable introduction to the rapidly growing body of new work in these fields
Screpanti versus Marx on exploitation
Ernesto Screpanti recently claimed to prove that Marx's value theory is logically inconsistent. Jettisoning the value theory, he then reconstructed Marx's theory of exploitation in a manner that supposedly preserves the gist of the original. This note shows that Screpanti's proof of inconsistency is invalid and that his reconstruction contradicts the original theory of exploitation in significant ways, for instance by implying that workers who pe…
Replicating Marx
This is a prepublication version of 'Replicating Marx: a reply to Mohun', Capital and Class No. 88, Spring 2006, pp 117-123. ISSN 0309 8168 Kliman (2001) showed that simultaneist interpretations - those which hold that Marx valued inputs and outputs simultaneously - contradict his exploitation theory of profit, while the temporal single-system interpretation (TSSI) conforms to it. Mohun, S. 2003. On the TSSI and the Exploitation Theory of Profit,…
Reclaiming Marx's “Capital”
This book seeks to reclaim Capital from the myth of internal inconsistency, a myth that serves to justify the censorship of Marx's critique of political economy and present-day research based upon it. Andrew Kliman shows that the alleged inconsistencies are actually caused by misinterpretation. By modifying the standard interpretation of Marx's value theory in two simple ways, the recent 'temporal single-system interpretation' eliminates all of t…
Exploitation
Exploitation occurs when someone or something (e.g., a material resource, an opportunity) is used or taken advantage of. Social scientists are chiefly concerned with the exploitation of people and classes, who are generally considered exploited if they are required, by force or by circumstances, to contribute more to some process than they receive in return. Crucially important to Marxian thought, the concept of exploitation is also employed in n…
Simultaneous valuation vs. the exploitation theory of profit
This paper examines the claims made by Simon Mohun and Roberto Veneziani in their article ‘The incoherence of the TSSI: A reply to Kliman and Freeman’, published in Capital & Class, no. 92. We show that they have effectively conceded that simultaneist interpretations of Marx's theory contradict his conclusion that exploitation (workers' surplus labour) is the exclusive source of profit in capitalism. We demonstrate the errors of logic in their cl…
The Destruction of Capital” and the Current Economic Crisis
One key concept in Karl Marx's theory of capitalist economic crisis is “the destruction of capital through crises” (Marx 1989: 127). He meant by this not only the destruction of physical capital as
The disintegration of the Marxian school
This paper argues that the renewed relevance and strengthened theoretical foundations of Marxian value theory will not matter unless the long-term disintegration of Marxian economics is reversed, and that this disintegration has largely been caused by internal factors. These include a lack of common standards and criteria of justification; an 'every man his own Marxist' ethos; the quest to make Marxian economics respectable; the pursuit of 'produ…
The Failure of Capitalist Production
The Unmaking of Marx's Capital
Is Marx's Theory of Profit Right?
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 contributio…
Income inequality, managers' compensation and the falling rate of profit
Evidence based on US government statistics indicates that the rate of profit fell and employees' share of output was trendless between 1970 and the Great Recession. This paper defends that evidence by showing that it is compatible with phenomena that may initially seem to contradict it; that is, rising income inequality and rising managerial compensation. While some other studies claim that managers' compensation and the 'class' rate of profit sk…
The Great Recession and Marx's Crisis Theory
To help understand why the Great Recession occurred, this article focuses on its underlying causes and employs Karl Marx's theory of capitalist economic crisis. It shows that U.S. corporations' rate of return on fixed asset investment fell throughout the half-century preceding the recession, and that this fall accounts for the entire decline in their rate of capital accumulation (productive investment). The investment slowdown led to a decline in…
Capital
This chapter explicates Marx’s concept of capital and highlights its centrality to his book Capital, arguing that Capital is specifically about capital, not all of capitalist society. In Marx’s conception, capital has two forms, money and means of production, but capital itself is the process of self-expansion of value, or valorization. The commodity fetish and subsumption of labor under capital are explored in relation to this. Employing Marx’s …
Economics (24 obras) · Political Economy and Marxism (23 obras) · Neoclassical economics (20 obras) · Economic Theory and Institutions (13 obras) · Economic Theory and Policy (13 obras) · Positive economics (13 obras) · Epistemology (11 obras) · Philosophy (11 obras) · Law (10 obras) · Mathematical economics (9 obras)