TSSI Experiments in Circulation

Research output: Published contribution to conferencePaper


My paper seeks to explore Marx’s value theory following a Temporal Single System Interpretation (TSSI) of Marx’s determination of commodities’ values by labour-time. I explore how trying to consistently follow Marx’s definition of productive and unproductive labour affects our understanding of circulation/retailing. I model, trying to follow the TSSI of Marx, retailing sequentially occurring alongside production. Firstly I contrast how following Marx allows us to account for all the surplus-value extracted from labour, whereas seeing value as a market phenomenon cuts any link between exploitation of workers and profit. Then I explore how my model is affected in turn by a change to wholesale price, a change to retail price, and lastly a state of growth/technological change. Finally, I conclude.
Original languageEnglish
Number of pages27
Publication statusPublished - Jul 2016
EventAssociation for Heterodox Economics Annual Conference - University of Glasgow, Glasgow, United Kingdom
Duration: 7 Jul 20169 Jul 2016
Conference number: 18


ConferenceAssociation for Heterodox Economics Annual Conference
Abbreviated titleAHE
CountryUnited Kingdom
Internet address


Cite this

Potts, N. (2016). TSSI Experiments in Circulation. Paper presented at Association for Heterodox Economics Annual Conference, Glasgow, United Kingdom.