Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Reclaiming Marx’s ‘Capital’: A Refutation of the Myth of Inconsistency, Andrew Kliman, Lanham: Lexington Books, 2007.

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

Andrew Kliman’s Reclaiming Marx’s ‘Capital’ sets out to refute the ‘myth’ that Marx’s original presentation of the theory of the value is internally inconsistent. A century ago, Bortkiewicz purported to demonstrate that Marx’s mistake was his failure to adopt simultaneous valuation. Thereafter, twentieth-century Marxian economics worked out a ‘corrected’ version of Marx’s original theory, culminating in Steedman’s 1977 Marx after Sraffa. Conclusions Marx himself deemed central were dropped, prominently including the law of the tendential fall in the rate of profit. But simultaneous valuation is absolutely incompatible with Marx’s first and fundamental premise, the determination of value by labour-time. On the other hand, if Marx’s major theoretical conclusions do consistently follow from his premises, including the transformation of values into prices of production, then the quantitative dimension of his value-theory is internally consistent after all and stands in no need of correction on this score. Advocating a temporal, single-system interpretation, Kliman shows how ‘two simple modifications’ eliminate ‘all of the alleged inconsistencies in the quantitative dimension of Marx’s value theory’: valuation is temporal, and values and prices are determined interdependently. Kliman’s refutation is sound, but his claim to know Marx’s intentions, in E.D. Hirsch’s sense, is questionable.

Affiliations: 1: Gonzaga University Spokane, WA. USA, Email:


Full text loading...


Data & Media loading...

Article metrics loading...



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Historical Materialism — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation