This paper is the first published critique of the indeterminacy of price-value correlations and their inadequacy as empirical evidence for the determination of prices by values. It comments on the approach developed by Shaikh, Petrovic, Parys, Ochoa and others, according to which prices, as...

This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...

This paper was presented to the May 2013 conference of the Postglobalization Initiative in Moscow, and deals with the function of economics in the modern world order. It seeks to explain why, as a profession (notwithstanding individual exceptions) economics failed to predict the crisis that...

This text comprises chapter 13 of Marx and non-equilibrium Economics[1]. It provides a general mathematical specification of a non-equilibrium interpretation of Marx’s theory of value. It refutes the Okishio theorem and solves the transformation problem. It is a foundation work of scholarship...

This article, presented to the Annual Conference of the History of Economics Society, Vancouver July 1996, gives a historical analysis of the origins of the general equilibrium or comparative static approach and demonstrates that economic thought as a whole is divided, in each of its schools of...

The paper argues that a formal, and fruitful, historical analogy can be drawn between economics and a religious hierarchy, most notably the mediaeval Catholic church. This idea was fully developed in Freeman (2007), ‘Heavens Above: what equilibrium means for economics’, in Mosini, V (ed)...

This article was published in Freeman, Alan (2006): Die Himmel über uns. Über die Bedeutung des Gleichgewichts für die Wirtschaftswissenschaft, EXIT! Krise und Kritik der Warengesellschaft 3, 212-241 It is the German translation of an chapter originally published in Mosini, V (ed) (2007)...

This paper was originally presented at a conference on value organized by the Laboratory for Social Change in Rome, which staged a debate on value theory involving Andrew Kliman, Alan Freeman, Mino Carchedi, Gary Mongiovi, Fabio Petri, Duncan Foley, and Ernesto Screpanti. The paper was a...

This is a prepublication version of ‘Replicating Marx: a reply to Mohun’, Capital and Class No. 88, Spring 2006, pp 117-123. ISSN 0309 8168 Kliman (2001) showed that “simultaneist” interpretations – those which hold that Marx valued inputs and outputs simultaneously – contradict his...

Prepublication version of ‘Simultaneous Valuation vs. the Exploitation Theory of Profit: A summing up’, forthcoming in Capital and Class #94, Spring 2008 This paper examines the claims made by Simon Mohun and Roberto Veneziani in their Capital and Class #92 article entitled ‘The...