This landmark article, in Capital and Class 34 vol 1, pp84-97, summarizes the case for the Temporal Single System Interpretation (TSSI) of Marx’s theory of value, and states the case against the dominant interpretation of Marx in Western academia.
It may help readers here to say a word or two on terminology. TSSI scholars generally adopted the term ‘Marxism without Marx’ for the dominant interpretation, because of its claim (which we strongly contest) that Marx’s ‘conclusions’ can be reached whilst rejecting Marx’s own theory. We also use the terms ‘simultaneist’, and ‘physicalist’ (which we have proved are intimately connected) to describe the currents concerned theoretically; in its early days it was termed ‘neoRicardian’ by its critics.
Its supporters describe themselves variously, for example Steedman describes it as the ‘surplus school’; Pasinetti speaks of ‘Linear Production’ theory, whilst Kurz and Salvatore speak of the ‘long run’ approach.
There are simultaneist writers, such as Moseley, or Bruce Callari and Roberts, who also reject the ‘Marxism without Marx’ claims, focussing particularly on the Transformation of Values into Prices. We refer to such schools as ‘Simultaneous Single System Interpretation’ or SSSI.