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Vulgar economy in Marxian garb: a critique of Temporal Single System Marxism

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  • Gary Mongiovi

    (Economics & Finance Department, St. John's University, Jamaica, NY 11349, USA, Tel.: +1-718-990-7380mongiovg@stjohns.edu)

Abstract

This paper presents a critique of recent efforts, under the rubric of Temporal Single System Marxism, to defend Marx's value theory against the claim that his transformation algorithm is flawed. Although Marx did make a number of errors in elaborating his theory of value and the profit rate, these missteps do not undermine his larger scientific project. Far greater damage has been inflicted by his would-be Temporal Single System defenders, who camouflage Marx's errors by detaching him from his Ricardian roots; in the process they redefine value in a way that trivializes its function in Marx's system. (2002 URPE. All rights reserved.

Suggested Citation

  • Gary Mongiovi, 2002. "Vulgar economy in Marxian garb: a critique of Temporal Single System Marxism," Review of Radical Political Economics, Union for Radical Political Economics, vol. 34(4), pages 393-416, December.
    • Handle: RePEc:sae:reorpe:v:34:y:2002:i:4:p:393-416
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    Cited by:

    1. Roberto Veneziani & Luca Zamparelli & Simon Mohun & Roberto Veneziani, 2017. "Value, Price, And Exploitation: The Logic Of The Transformation Problem," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1387-1420, December.
    2. Jonathan F. Cogliano, 2017. "Surplus Value Production and Realization in Marxian Theory - Applications to the U.S., 1987-2015," Working Paper Series 2017-01, Dickinson College, Department of Economics.

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