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INTERNATIONAL WORKING GROUP IN VALUE THEORY
CO-ORGANIZERS: Andrew Kliman and Alan Freeman
FIFTH ANNUAL MINI-CONFERENCE
AT THE EASTERN ECONOMIC ASSOCIATION CONFERENCE
FEBRUARY 27-MARCH 1, 1998
CROWNE PLAZA MANHATTAN HOTEL, NEW YORK CITY
MINI-CONFERENCE PROGRAM
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FRIDAY, FEB. 27, 9 am
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SESSION A: New Developments in Temporalist Value Theory
Paolo Giussani, Independent Economist.
"Response to Dumenil/Levy's 'Productivity Paradox'"
Andrew Kliman, Pace University.
"Simultaneous Valuation and the Exploitation Theory of Profit are
Incompatible"
Eduardo Maldonado-Filho, Federal University of Rio Grande do Sul.
"Competition and the Equalization of Industry Profit Rates: The Evidence
for
the Brazilian Economy, 1973-85"
* * * * * * *
SESSION B: Value Dynamics 1: Accumulation, Circuits, and Cycles
Piruz Alemi, Independent Economist, and Duncan Foley, Barnard College of
Columbia University.
"The Circuit of Capital, U.S. Manufacturing, and Nonfinancial Corporate
Business Sectors, 1947-1993"
Ghassan Dibeh, LAU-Byblos.
"The Kalecki-Frisch Debate and Rise of Modern Business Cycle Theory"
Alan Freeman, University of Greenwich.
"Endogenous Profit Rate Cycles: Why I Think Marx Was Right"
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FRIDAY, FEB. 27, 11 am
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PLENARY #1: Post-Keynesian and Non-equilibrium Marxist Perspectives on
Value Theory
Alan Freeman, University of Greenwich.
"What Happens in Recessions? A Value-theoretic Approach to Liquidity
Preference"
Roy Rotheim, Skidmore College.
"Involuntary Unemployment in a Monetary Theory of Value"
L. Randall Wray, Jerome Levy Economics Institute and University of Denver.
"Keynes's Two Theories of Value"
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FRIDAY, FEB. 27, 2 pm
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SESSION A: Abstract, Concrete, and Domestic Labor
Ann Davis, Marist College.
"The Contradiction of the Abstract and the Concrete in Marx's *Capital*,
with
Particular Application to Women"
Thomas Masterson, University of Massachusetts at Amherst.
"Household Labour, the Value of Labour Power and Capitalism"
Engelbert R. Stockhammer, University of Massachusetts at Amherst.
"Exploitation in a Dual-System Economy: An Application of the Labor Theory
of
Value to Capitalist and Domestic Exploitation"
* * * * * * *
SESSION B: Value Dynamics 2: Capitalist Macrodynamics
Robert Burns, University of Massachusetts, Amherst.
"Rethinking the Law of the Tendency for the Rate of Profit to Fall"
Andrew Kliman, Pace University.
"Capitalist Macrodynamics Without Capitalist Value?"
David Laibman, Brooklyn College, CUNY.
"Technical Change, Structural Change, and the Profit Rate"
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FRIDAY, FEB. 27, 4 pm
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PLENARY #2: Labor and Value
Antonio Callari, Franklin and Marshall College.
"Labor and Community: Ontology and Politics"
Ted McGlone, St. Joseph's College.
"Is Value Determined by Labor-Time or by Use-Value?"
Bertell Ollman, New York University.
"Marx's Labor (Alienated) Theory of Value: What Does It Add to Stress this
Alienation?"
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SATURDAY, FEB. 28, 9 am
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SESSION A: Money and Value
Piruz Alemi, Independent Economist, and Salim Khan, New School for Social
Research. "Forms of Money and Laws of Monetary Circulation: On the Origin
of
Controversies in Modern Credit Theory"
Antonio Callari, Franklin and Marshall College.
"One Marxist View of Money and Interest"
Claus Magno Germer, Universidade Federal do Parana.
"Credit Money and the Functions of Money in Capitalism"
Abelardo Marina-Flores, Universidad Autonoma Metropolitana-Azcapotzalco,
and
Mario Robles-Baez, Universidad Autonoma MetropolitanaXochimilco.
"A Critique of Benetti and Cartelier's Critical Examination of Marx's
Theory
of Money"
* * * * * * *
SESSION B: The Nature of Capitalism
David Andrews, Cazenovia College. "Commodity Fetishism as a Form of Life"
Paresh Chattopadhyay, Universite de Quebec a Montreal.
"Capitalism as Socialism: Defense of Socialism in the Socialist
Calculation
Debate Revisited. A Marxian Point of View"
Clark Everling, Empire State College.
"Connecting the Links in the Value Chain"
Gloria L. Zuniga, State University of New York at Buffalo.
"The Theory of Subjective Value Reconsidered"
* * * * * * *
SESSION C: Quantitative Value Analysis 1
Edward Chilcote, New School for Social Research.
"Vertical Integration and Classical Economic Theory"
Rafat Fazeli, University of Redlands.
"The Economic Impact of the Welfare State and the Social Wage: The British
Experience"
Thanasis Maniatis, Centre of Planning and Economic Research, and Lefteris
Tsoulfidis, University of Macedonia.
"The Deviation Of Labor Values From Production Prices And Market Prices:
Theory And Evidence From Greece"
Alejandro Valle Baeza, Universidad Nacional Autonoma de Mexico.
"A Comparison of Price-Value Correspondences between Mexico and U.S.
Manufacturing Industries"
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SATURDAY, FEB. 28, 11 am
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PLENARY #3: The Internal (In)Consistency of Marx's Value Theory
Andrew Kliman, Pace University.
"The Significance of the 'Internal Inconsistency' Allegations"
Gary Mongiovi, St. John's University.
"Non-Equilibium Marxism: A Sraffian Perspective"
Barkley Rosser, James Madison University.
"Statics and Dynamics in Value Theory"
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SATURDAY, FEB. 28, 2 pm
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SESSION A: Capital and Interest
Francisco Paolo Cipolla, Universidade Federal do Parana.
"Interest Rate Changes in Marx's Theory of the Industrial Cycle"
Alejandro Ramos Martinez, Independent Economist.
"New Evidence on Marx's Concepts of Cost-price, Value, and Production
Price"
Richard J. Torz, St. Joseph's College.
"A Real Production Critique of Capital Asset Pricing"
* * * * * * *
SESSION B: Value, Price and Competition
Dave Kristjanson, University of Massachusetts at Amherst.
"Marxian Price Dynamics: A Short-run Approach"
Etelberto Ortiz Cruz, Universidad Autonoma MetropolitanaXochimilco.
"The Theory of Competition as a Step for the Construction of the Theory of
Value"
Lenin Rojas Olivas, Universidad Autonoma Metropolitana.
"Value is the Mean of Price"
Daniel Villalobos Cespedes, Universidad Nacional de Costa Rica.
"The Political Economy of Prices and Production"
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SATURDAY, FEB. 28, 4 pm
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SESSION A: Crisis and Profitability in Mexico
Paul Cooney, Queens College Center for the Biology of Natural Systems.
"The Impact of the Mexican Crisis of 94-95 on the Maquiladora Industry"
Fred Moseley, Mount Holyoke College.
"The Rate of Profit in the Mexican Economy: 1950-93"
Etelberto Ortiz Cruz, Universidad Autonoma MetropolitanaXochimilco.
"Private Debt and the Financial Crisis in Mexico"
Alejandro Valle Baeza, Universidad Nacional Autonoma de Mexico.
"The Mexican Crisis of 94-95: An Evaluation of Different Interpretations"
* * * * * * *
SESSION B: Quantitative Value Analysis 2
Bruce Cronin, The University of Auckland.
"Productive And Unproductive Capital: A Mapping of the New Zealand System
of
National Accounts to Classical Economic Categories, 1972-93"
Rieu Dong-Min, KIA Economic Research Institute.
"Reformulating the Quantitative Connection between Labor-Value and Price"
Simon Mohun, Queen Mary & Westfield College.
"Accounting for Value in the UK, 1948-96"
Persefoni Tsaliki, City College (Thessaloniki, Greece).
"Theories of Competition and the Notion of Regulating Capital in Greek
Manufacturing Industries"
* * * * * * *
SESSION C: Towards a New Journal of Value Theory
Roundtable Participants:
John Ernst, The Public Concern Foundation
Alan Freeman, University of Greenwich
Paolo Giussani, Independent Economist
Andrew Kliman, Pace University
Ted McGlone, St. Joseph's College
Eduardo Maldonado-Filho, Federal University of Rio Grande do Sul
Alejandro Ramos Martinez, Independent Economist
Julian Wells, The Open University
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SUNDAY, MARCH 1, 9 am
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SESSION A: Value Dynamics 3: Growth, Cycles, and Class Relations
Peter Flaschel, University of Bielefeld.
"The Dynamics of 'Natural' Rates of Growth and Employment: Further Issues"
David Laibman, Brooklyn College, CUNY.
"Cyclical Dynamics and Investment Crises: A New Look at Catastrophe
Theory"
Peter Hans Matthews, "Class-Driven Macrodynamics: An Evolutionary
Perspective"
* * * * * * *
SESSION B: Value, Price, and Equilibrium
Chai-on Lee, Chonnam National University.
"Monetary Equilibrium in a Two-Sector Growth Model"
Jean-Guy Loranger, Universite de Montreal.
"The Determination of the Average Profit Rate in the Production Price
Equation"
Andrew Trigg, The Open University.
"The Role of Demand in the New and TSS Interpretations of the
Transformation
Problem"
Julian Wells, The Open University. "Probabilism and Determinism in
Political
Economy: The case of Engels and Bernstein."
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SUNDAY, MARCH 1, 11 am
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Mini-Conference Roundup
WHAT IS THE INTERNATIONAL WORKING GROUP IN VALUE THEORY?
The IWGVT aims to promote pluralistic debate on concepts of value, seeking
particularly -- but not exclusively -- to deepen the discussion of value
concepts appropriate to dynamic analysis, and to end the unacceptable
exclusion of the value theory of Karl Marx from existing debates.
The principal justification which economics offers for excluding its
foremost
critic is the proposition that, whatever the merits of his contribution on
individual issues, his concept of value is invalid because it leads to
internal inconsistencies. A growing body of independent research shows
that
this argument is no longer sustainable. We conclude that the discussion on
value should re-open without the presupposition of any established
standard,
tradition or source of authority regarding either value or Marx.
The IWGVT defends no particular theory of value beyond arguing that the
concept itself is indispensable. It does believe it is possible to assess
the
merits of contesting theories in debate. It seeks to create an atmosphere
for
this debate -- which does not at present exist -- such that all value
theories, and all readings of value theorists, may discuss on an equal
footing, referring in their support neither to the evidence of authority
nor
the conviction of doctrine but to reasoned and logical discussion based on
textual evidence for readings and factual evidence for theories.
Five successive conferences have provided a widespread, gratifying and
international response to our initial appeal, steadily enlarging not only
the
number of participants but the breadth and range of the theoretical
positions
represented, and the quality of the engagement between them.
For further information contact the IWGVT co-organizers:
Andrew Kliman ([log in to unmask])
Alan Freeman ([log in to unmask])
Visit the Conference website:
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Subscribe to the Conference mailing list: send
join econ-value your name
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