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Moseley’s “Macro-Monetary†Reading of Capital: Rejoinder and Further Discussion

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  • Gilbert L. Skillman

Abstract

Moseley (2018) offers a partial reply to my review of his Money and Totality , addressing one comment at length while mentioning a second in passing and ignoring the third. In this rejoinder, I respond to his replies and develop the three main arguments of my review in greater detail, with particular focus on the logical consistency of Moseley’s “algebraic summary†of his macro-monetary reading of Marx’s transformation analysis.

Suggested Citation

  • Gilbert L. Skillman, 2020. "Moseley’s “Macro-Monetary†Reading of Capital: Rejoinder and Further Discussion," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(4), pages 739-754, December.
    • Handle: RePEc:sae:reorpe:v:52:y:2020:i:4:p:739-754
    DOI: 10.1177/0486613419876062
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    References listed on IDEAS

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    1. Gilbert L. Skillman, 2017. "Marx’s Capital through the lens of Roemer’s General Theory (and vice-versa)," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(3), pages 423-443, December.
    2. Gilbert L. Skillman, 2018. "Book Review Essay: Money and Totality: A Macro-Monetary Interpretation of Marx’s Logic in Capital and the End of the “Transformation Problemâ€," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(3), pages 620-625, September.
    3. Duncan K. Foley, 1982. "The Value of Money the Value of Labor Power and the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 37-47, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Marx; Marxian economics; labor theory of value; prices of production; transformation problem;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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