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Interpretations of Marxian Value Theory in Terms of the Fundamental Marxian Theorem

Department of Economics, Chungnam National University, 220 Kung-dong, Taejon, 305-764, South Korea, rieudm{at}cnu.ac.kr

This paper focuses on the theoretical status of the fundamental Marxian theorem in various interpretations of Marxian value theory, particularly with regard to the logical consistency rather than the analytical implication. It will be shown that each interpretation proves the fundamental Marxian theorem in its own way, and therefore the proof of the theorem is not a decidability criterion for the correct interpretation of Marxian value theory.

Key Words: Marxian value theory • the fundamental Marxian theorem • the new interpretation • the temporal single-system interpretation

This version was published on June 1, 2009

Review of Radical Political Economics, Vol. 41, No. 2, 216-226 (2009)
DOI: 10.1177/0486613409331432


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