The Psychopathology of Walrasian Marxism

Alan Freeman ()

MPRA Paper from University Library of Munich, Germany

Abstract: This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit rate. It seeks to explain why this approach to value is inaccessible to consciousness under present social relations, and why resistance to its acceptance has been particularly strong among Marxists. [1] Freeman, A. (1996b) ‘The psychopathology of Walrasian Marxism’, in Freeman, A.. and Carchedi, G. (eds) (1996), Marx and Non-Equilibrium Economics, pp1-29. Cheltenham: Edward Elgar. ISBN 1 85898 268 5.

Keywords: Temporalism; TSSI; Value; Marx; rate of profit; transformation; non-equilibrium; Walras (search for similar items in EconPapers)
JEL-codes: B50 B14 B5 B12 B24 B51 B13 B4 (search for similar items in EconPapers)
Date: 1996
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