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Papers by Mohsen Ghamin
Journal of Contemporary Asia, 2024
The aim of this article is to estimate the main categories of classical economics in Iran from 1... more The aim of this article is to estimate the main categories of classical economics in Iran from 1986 to 2016 using the method of Shaikh and Tonak (1994). The article first provides a theoretical discussion on the distinction between productive and unproductive labour, and this distinction is used to analyse the distribution of total value in the economy. Next, products and economic activities are reclassified to create classical basic tables and examine the trends of key variables in the classical economy. Finally, the value composition of capital and the general rate of profit are estimated using three models: the Circulating Capital Model, the Fixed Capital Model, and the Single Turnover Model. The findings indicate that the years under study can be divided into three periods based on the components of the most fundamental category of classical economics, which is the rate of profit. These periods are referred to as consolidation, deepening, and crisis phase of liberalism.
World Review of Political Economy, 2024
This article aims to illuminate temporality in value determination and stratification of value an... more This article aims to illuminate temporality in value determination and stratification of value and price in the transformation of value into price. This leads to an understanding of value-relocating through the two concepts presented in this study: current-value-relocating (CVR) and integrated-value-relocating (IVR). Based on Marx’s exploration of the labor process and social reproduction and focusing on two components of a commodity’s value and the relation between the individual and aggregate level, the article seeks to propose a non-linear conception of temporality in value determination, which justifies the application of simultaneous equations in value determination. Furthermore, through the depiction of the stratification of value and price, the study insists on retaining the relations among their components in different layers. Lastly, the research attempts to explain all price-value deviations at the aggregate and individual levels in two forms: CVR and IVR.
Journal of Contemporary Asia, 2024
The aim of this article is to estimate the main categories of classical economics in Iran from 1... more The aim of this article is to estimate the main categories of classical economics in Iran from 1986 to 2016 using the method of Shaikh and Tonak (1994). The article first provides a theoretical discussion on the distinction between productive and unproductive labour, and this distinction is used to analyse the distribution of total value in the economy. Next, products and economic activities are reclassified to create classical basic tables and examine the trends of key variables in the classical economy. Finally, the value composition of capital and the general rate of profit are estimated using three models: the Circulating Capital Model, the Fixed Capital Model, and the Single Turnover Model. The findings indicate that the years under study can be divided into three periods based on the components of the most fundamental category of classical economics, which is the rate of profit. These periods are referred to as consolidation, deepening, and crisis phase of liberalism.
World Review of Political Economy, 2024
This article aims to illuminate temporality in value determination and stratification of value an... more This article aims to illuminate temporality in value determination and stratification of value and price in the transformation of value into price. This leads to an understanding of value-relocating through the two concepts presented in this study: current-value-relocating (CVR) and integrated-value-relocating (IVR). Based on Marx’s exploration of the labor process and social reproduction and focusing on two components of a commodity’s value and the relation between the individual and aggregate level, the article seeks to propose a non-linear conception of temporality in value determination, which justifies the application of simultaneous equations in value determination. Furthermore, through the depiction of the stratification of value and price, the study insists on retaining the relations among their components in different layers. Lastly, the research attempts to explain all price-value deviations at the aggregate and individual levels in two forms: CVR and IVR.