Temporal Single System Interpretation
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Temporal Single System Interpretation
The temporal single-system interpretation (TSSI) of Karl Marx's value theory emerged in the early 1980s in response to renewed allegations that his theory was "riven with internal inconsistencies" and that it must therefore be rejected or corrected. The inconsistency allegations had been a prominent feature of Marxian economics and the debate surrounding it since the 1970s. Andrew Kliman argues that charges of inconsistency serve to legitimate the suppression of Marx's critique of political economy and current-day research based upon it as well as the "correction" of Marx's inconsistencies. Proponents of the temporal-single system interpretation of Marx's value theory claim that the supposed inconsistencies are actually the result of misinterpretation; they argue that when Marx's theory is understood as " temporal" and "single-system", the internal inconsistencies disappear. In a recent survey of the debate, a proponent of the TSSI concludes that "the ''proofs'' of inconsistency ...
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Karl Marx
Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 pamphlet ''The Communist Manifesto'' and the four-volume (1867–1883). Marx's political and philosophical thought had enormous influence on subsequent intellectual, economic, and political history. His name has been used as an adjective, a noun, and a school of social theory. Born in Trier, Germany, Marx studied law and philosophy at the universities of Bonn and Berlin. He married German theatre critic and political activist Jenny von Westphalen in 1843. Due to his political publications, Marx became stateless and lived in exile with his wife and children in London for decades, where he continued to develop his thought in collaboration with German philosopher Friedrich Engels and publish his writings, researching in the British Mus ...
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Pluralism In Economics
The pluralism in economics movement is a campaign to change the teaching and research in economics towards more openness in its approaches, topics and standpoints it considers. The goal of the movement is to "reinvigorate the discipline ... nd bringeconomics back into the service of society". Some have argued that economics had greater scientific pluralism in the past compared to the monist approach that is prevalent today. Pluralism encourages the inclusion of a wide variety of neoclassical and heterodox economic theories—including classical, Post-Keynesian, institutional, ecological, evolutionary, feminist, Marxist, and Austrian economics, stating that "each tradition of thought adds something unique and valuable to economic scholarship". History Critics of mainstream economics have called for a reform of the discipline in the past. The movement for pluralism can therefore be traced to wider movements for progressive change in the 1960s and 1970s, with economists like ...
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Roberto Veneziani
The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' ( non, Hróðr) "fame, glory, honour, praise, renown" and '' berht'' "bright, light, shining"). It is the second most frequently used given name of ancient Germanic origin. It is also in use as a surname. Another commonly used form of the name is Rupert. After becoming widely used in Continental Europe it entered England in its Old French form ''Robert'', where an Old English cognate form (''Hrēodbēorht'', ''Hrodberht'', ''Hrēodbēorð'', ''Hrœdbœrð'', ''Hrœdberð'', ''Hrōðberχtŕ'') had existed before the Norman Conquest. The feminine version is Roberta. The Italian, Portuguese, and Spanish form is Roberto. Robert is also a common name in many Germanic languages, including English, German, Dutch, Norwegian, Swedish, Scots, Danish, and Icelandic. It ...
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Duncan K
Duncan may refer to: People * Duncan (given name), various people * Duncan (surname), various people * Clan Duncan * Justice Duncan (other) Places * Duncan Creek (other) * Duncan River (other) * Duncan Lake (other), including Lake Duncan Australia *Duncan, South Australia, a locality in the Kangaroo Island Council *Hundred of Duncan, a cadastral unit on Kangaroo Island in South Australia Bahamas *Duncan Town, Ragged Island, Bahamas ** Duncan Town Airport Canada * Duncan, British Columbia, on Vancouver Island * Duncan Dam, British Columbia * Duncan City, Central Kootenay, British Columbia; see List of ghost towns in British Columbia United States * Duncan Township (other) * Duncan, Arizona * Duncan, Indiana * Duncan, Iowa * Duncan, Kentucky (other) * Duncan City, Cheboygan, Michigan * Duncan, Mississippi * Duncan, Missouri * Duncan, Nebraska * Duncan, North Carolina * Duncan, Oklahoma * Duncan, South Carolina * Fo ...
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Nobuo Okishio
was a Japanese Marxian economist and emeritus professor of Kobe University. In 1979, he was elected President of the Japan Association of Economics and Econometrics, which is now called Japanese Economic Association. Okishio studied mathematical economics under Kazuo Mizutani. In 1950 he graduated from Kobe University and later taught there. He soon began to doubt the premises and results of modern economics, and decided to search for alternatives by studying Marxian economics. Okishio worked to clarify the logic of Karl Marx’s economic system, offering formal and mathematical proofs for many Marxian theorems. For example, in 1955, he gave the world's first proof of the “ Marxian fundamental theorem”, as it was later named by Michio Morishima, which is the theory that the exploitation of surplus labor is the necessary condition for the existence of positive profit. Concerning Marx’s Falling Rate of Profit, Okishio considered that his famous theorem would not deny it. O ...
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Okishio's Theorem
Okishio's theorem is a theorem formulated by Japanese economist Nobuo Okishio. It has had a major impact on debates about Marx's theory of value. Intuitively, it can be understood as saying that if one capitalist raises his profits by introducing a new technique that cuts his costs, the collective or general rate of profit in society goes up for all capitalists. In 1961, Okishio established this theorem under the assumption that the real wage remains constant. Thus, the theorem isolates the effect of pure innovation from any consequent changes in the wage. For this reason the theorem, first proposed in 1961, excited great interest and controversy because, according to Okishio, it contradicts Marx's law of the tendency of the rate of profit to fall. Marx had claimed that the new general rate of profit, after a new technique has spread throughout the branch where it has been introduced, would be lower than before. In modern words, the capitalists would be caught in a rationality trap ...
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Ladislaus Von Bortkiewicz
Ladislaus Josephovich Bortkiewicz (Russian Владислав Иосифович Борткевич, German ''Ladislaus von Bortkiewicz'' or ''Ladislaus von Bortkewitsch'') (7 August 1868 – 15 July 1931) was a Russian economist and statistician of Polish ancestry. He wrote a book showing how the Poisson distribution, a discrete probability distribution, can be useful in applied statistics, and he made contributions to mathematical economics. He lived most of his professional life in Germany, where he taught at Strassburg University (Privatdozent, 1895–1897) and Berlin University (1901–1931). Life and work Władysław Bortkiewicz was born in Saint Petersburg, Imperial Russia, to two ethnic Polish parents: Józef Bortkiewicz and Helena Bortkiewicz (née Rokicka). His father was a Polish nobleman who served in the Russian Imperial Army. Władysław graduated from the Law Faculty in 1890. In 1898 he published a book about the Poisson distribution, titled ''The Law of Sm ...
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Alejandro Ramos Martinez
Alejandro is the Spanish form of the name Alexander. Alejandro has multiple variations in different languages, including Aleksander (Czech, Polish), Alexandre (French), Alexandros (Greek), Alsander (Irish), Alessandro (Italian), Aleksandr (Russian), and Alasdair (Gaelic). People with the given name Alejandro * Alejandro Alvizuri, Peruvian backstroke swimmer * Alejandro Amenábar, Chilean-born Spanish director * Alejandro Aranda, American singer, musician, and reality television personality * Alejandro Arguello, Mexican footballer * Alejandro Avila, Mexican TV actor * Alejandro Awada, Argentine actor * Alejandro Betts, Argentine historian * Alejandro Bermúdez, Colombian swimmer * Alejandro Bustillo, Argentine architect * Alejandro Carrión, Ecuadorian poet and novelist * Alejandro Casañas, Cuban hurdler * Alejandro Castillo, Mexican footballer * Alejandro Cercas, Spanish politician * Alejandro Chataing, Venezuelan architect * Alejandro Cichero, Venezuelan footballer * Alejan ...
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Nick Potts (economist)
Nicholas James Potts (born 17 July 2002) is an English cricketer who plays for Derbyshire. In November 2020, at the age of eighteen, Potts signed a rookie contract with Derbyshire, and had previously played for the Young Lions. In August 2021, Potts signed a three-year deal with Derbyshire, after coming through the club's academy system. Potts had been hampered by an ankle injury, which had only allowed him to play in four matches for Derbyshire's second XI team in 2021. Derbyshire's head of cricket, Dave Houghton said that Potts is a "talent for the future". In April 2022, at the start of the 2022 English cricket season, Potts played in a warm-up match for Derbyshire against Oxford University Cricket Club, as part of the Marylebone Cricket Club University Matches. Potts took two wickets in the match, including that of opener Joe Gordon. Potts made his first-class debut on 14 April 2022, for Derbyshire against Sussex in Division Two of the 2022 County Championship. Electing t ...
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Ted McGlone
TED may refer to: Economics and finance * TED spread between U.S. Treasuries and Eurodollar Education * ''Türk Eğitim Derneği'', the Turkish Education Association ** TED Ankara College Foundation Schools, Turkey ** Transvaal Education Department (TED) Entertainment and media * TED (conference) (Technology, Entertainment, and Design) * ''Tenders Electronic Daily'', a journal on government procurement in the European Union * Turner Field (The Ted), of the Atlanta Braves until 2017 Technology and computing * MOS Technology TED, an integrated circuit * TED Notepad, a freeware portable plain-text editor * Television Electronic Disc, an early Telefunken video disc * Transferred electron device or Gunn diode * TransLattice Elastic Database, a NewSQL database Transport * Teddington railway station, London, National Rail station code Other uses * Thyroid eye disease, aka Graves' ophthalmopathy * Tooheys Extra Dry, Australian beer * Turtle excluder device, for letting sea turtles es ...
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Eduardo Maldonado-Filho
Eduardo is the Spanish and Portuguese form of the male given name Edward. Another version is Duarte. It may refer to: Association football * Eduardo Bonvallet, Chilean football player and sports commentator * Eduardo Carvalho, Portuguese footballer * Eduardo "Edu" Coimbra, Brazilian footballer * Eduardo Costa, Brazilian footballer * Eduardo da Conceição Maciel, Brazilian footballer * Eduardo da Silva, Brazilian-born Croatian footballer * Eduardo Adelino da Silva, Brazilian footballer * Eduardo Ribeiro dos Santos, Brazilian footballer * Eduardo Gómez (footballer), Chilean footballer * Eduardo Gonçalves de Oliveira, Brazilian footballer * Eduardo Jesus, Brazilian footballer * Eduardo Martini, Brazilian footballer * Eduardo Ferreira Abdo Pacheco, Brazilian footballer Music * Eduardo (rapper), Carlos Eduardo Taddeo, Brazilian rapper * Eduardo De Crescenzo, Italian singer, songwriter and multi-instrumentalist Politicians * Eduardo Año, Filipino politician and retired army genera ...
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Paolo Giussani
Paolo is both a given name and a surname, the Italian form of the name Paul. Notable people with the name include: People with the given name Paolo Art *Paolo Alboni (1671–1734), Italian painter *Paolo Abbate (1884–1973), Italian-American sculptor *Paolo Antonio Barbieri (1603–1649), Italian painter *Paolo Buggiani (born 1933), Italian contemporary artist *Paolo Carosone (born 1941), Italian painter and sculptor *Paolo Moranda Cavazzola (1486–1522), Italian painter *Paolo Farinati (c. 1524–c. 1606), Italian painter *Paolo Fiammingo (c. 1540–1596), Flemish painter *Paolo Domenico Finoglia (c. 1590–1645), Italian painter *Paolo Grilli (1857–1952), Italian sculptor and painter *Paolo de Matteis (1662–1728), Italian painter *Paolo Monaldi, Italian painter *Paolo Pagani (1655–1716), Italian painter *Paolo Persico (c. 1729–1796), Italian sculptor *Paolo Pino (1534–1565), Italian painter *Paolo Gerolamo Piola (1666–1724), Italian painter *Paolo Porpora (1617– ...
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