Unforgivable misrepresentation: deliberately distorting the temporal single system interpretation of Marx in-order o dismiss Marx's value theory.

Research output: Working paper

Abstract

I wish to show that Sinha's (2009) review of Kliman's Reclaiming Marx's 'Capital': A Refutation of the Myth of Inconsistency (2007) is both inaccurate and misleading. Firstly I explain how following the Temporal Single System Interpretation (TSSI) of Marx ensures that Marx's value theory is consistent. I explore an example from Kliman (2007) to illustrate the TSSI's sequential and non-dualistic approach to price and value. Then I turn to Sinha's (2009) criticism of Kliman (2007) in particular and the TSSI in general. I argue that Sinha's criticisms amount to accusing Kliman of not taking the simultaneous and dualistic approach to value most 'Marxist' economists follow, which renders Marx's value theory inconsistent. I find Sinha (2009) to be inaccurate both numerically and in its theoretical understanding of the TSSI. Finally I conclude that it is unscientific to not understand but nonetheless comment on (or worse, seek to misrepresent) a theory that just happens to not be your own approach.
Original languageUndefined
Publication statusPublished - 1 Nov 2012

Publication series

NameResearch and Enterprise Working Paper Series

Cite this

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title = "Unforgivable misrepresentation: deliberately distorting the temporal single system interpretation of Marx in-order o dismiss Marx's value theory.",
abstract = "I wish to show that Sinha's (2009) review of Kliman's Reclaiming Marx's 'Capital': A Refutation of the Myth of Inconsistency (2007) is both inaccurate and misleading. Firstly I explain how following the Temporal Single System Interpretation (TSSI) of Marx ensures that Marx's value theory is consistent. I explore an example from Kliman (2007) to illustrate the TSSI's sequential and non-dualistic approach to price and value. Then I turn to Sinha's (2009) criticism of Kliman (2007) in particular and the TSSI in general. I argue that Sinha's criticisms amount to accusing Kliman of not taking the simultaneous and dualistic approach to value most 'Marxist' economists follow, which renders Marx's value theory inconsistent. I find Sinha (2009) to be inaccurate both numerically and in its theoretical understanding of the TSSI. Finally I conclude that it is unscientific to not understand but nonetheless comment on (or worse, seek to misrepresent) a theory that just happens to not be your own approach.",
author = "Nic Potts",
note = "Research and Enterprise Working Paper Series Working Paper Number XIII",
year = "2012",
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type = "WorkingPaper",

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T1 - Unforgivable misrepresentation: deliberately distorting the temporal single system interpretation of Marx in-order o dismiss Marx's value theory.

AU - Potts, Nic

N1 - Research and Enterprise Working Paper Series Working Paper Number XIII

PY - 2012/11/1

Y1 - 2012/11/1

N2 - I wish to show that Sinha's (2009) review of Kliman's Reclaiming Marx's 'Capital': A Refutation of the Myth of Inconsistency (2007) is both inaccurate and misleading. Firstly I explain how following the Temporal Single System Interpretation (TSSI) of Marx ensures that Marx's value theory is consistent. I explore an example from Kliman (2007) to illustrate the TSSI's sequential and non-dualistic approach to price and value. Then I turn to Sinha's (2009) criticism of Kliman (2007) in particular and the TSSI in general. I argue that Sinha's criticisms amount to accusing Kliman of not taking the simultaneous and dualistic approach to value most 'Marxist' economists follow, which renders Marx's value theory inconsistent. I find Sinha (2009) to be inaccurate both numerically and in its theoretical understanding of the TSSI. Finally I conclude that it is unscientific to not understand but nonetheless comment on (or worse, seek to misrepresent) a theory that just happens to not be your own approach.

AB - I wish to show that Sinha's (2009) review of Kliman's Reclaiming Marx's 'Capital': A Refutation of the Myth of Inconsistency (2007) is both inaccurate and misleading. Firstly I explain how following the Temporal Single System Interpretation (TSSI) of Marx ensures that Marx's value theory is consistent. I explore an example from Kliman (2007) to illustrate the TSSI's sequential and non-dualistic approach to price and value. Then I turn to Sinha's (2009) criticism of Kliman (2007) in particular and the TSSI in general. I argue that Sinha's criticisms amount to accusing Kliman of not taking the simultaneous and dualistic approach to value most 'Marxist' economists follow, which renders Marx's value theory inconsistent. I find Sinha (2009) to be inaccurate both numerically and in its theoretical understanding of the TSSI. Finally I conclude that it is unscientific to not understand but nonetheless comment on (or worse, seek to misrepresent) a theory that just happens to not be your own approach.

M3 - Working paper

T3 - Research and Enterprise Working Paper Series

BT - Unforgivable misrepresentation: deliberately distorting the temporal single system interpretation of Marx in-order o dismiss Marx's value theory.

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