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 ======================= ===================== FRIDAY, FEB. 27, 9 am ===================== 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" ====================== FRIDAY, FEB. 27, 11 am ====================== 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" ===================== FRIDAY, FEB. 27, 2 pm ===================== 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" ===================== FRIDAY, FEB. 27, 4 pm ===================== 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?" ======================= SATURDAY, FEB. 28, 9 am ======================= 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" ======================== SATURDAY, FEB. 28, 11 am ======================== 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" ======================= SATURDAY, FEB. 28, 2 pm ======================= 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" ======================= SATURDAY, FEB. 28, 4 pm ======================= 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 ===================== SUNDAY, MARCH 1, 9 am ===================== 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." ====================== SUNDAY, MARCH 1, 11 am ====================== 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 ([EMAIL PROTECTED]) Alan Freeman ([EMAIL PROTECTED]) Visit the Conference website: [EMAIL PROTECTED]/~fa03 Subscribe to the Conference mailing list: send join econ-value your name to [EMAIL PROTECTED] (end of message)