This collection focuses on a long-running debate over the logical validity of Karl Marx's theory that exploitation is the exclusive source of capitalists' profits. The "Fundamental Marxian Theorem" was long thought to have shown that orthodox Marxian economics succeeds in replicating Marx's conclusion. The debate begins with Andrew Kliman's disproof of that claim. On one side of the debate, representing orthodox Marxian economics, are contributions by Simon Mohun and Roberto Veneziani. Although they concede that their simultaneist models cannot replicate Marx's theory of profit in all cases, they insist that this is as good as it gets. On the other side, representing the temporal single-system interpretation of Marx's theory (TSSI), are contributions by Kliman and Alan Freeman. They argue that his theory is logically valid, since it can indeed be replicated when it is understood in accordance with the TSSI. While the debate initially focused on logical concerns, issues of pluralism, truth, and scientificity increasingly assumed center stage. In his introduction to the volume, Nick Potts situates the debate in its historical context and argues forcefully that the arguments of the orthodox Marxist economists, and the manner in which those arguments were couched, were "suppressive and contrary to scientific norms." The volume concludes with a 2014 debate, in which many of the same issues re-surfaced, between the philosopher Robert Paul Wolff and proponents of the TSSI.

This collection focuses on a long-running debate over the logical validity of Karl Marx's theory that exploitation is the exclusive source of capitalists' profits. The "Fundamental Marxian Theorem" was long thought to have shown that orthodox Marxian economics succeeds in replicating Marx's conclusion. The debate begins with Andrew Kliman's disproof of that claim. On one side of the debate, representing orthodox Marxian economics, are contributions by Simon Mohun and Roberto Veneziani. Although they concede that their simultaneist models cannot replicate Marx's theory of profit in all cases, they insist that this is as good as it gets. On the other side, representing the temporal single-system interpretation of Marx's theory (TSSI), are contributions by Kliman and Alan Freeman. They argue that his theory is logically valid, since it can indeed be replicated when it is understood in accordance with the TSSI. While the debate initially focused on logical concerns, issues of pluralism, truth, and scientificity increasingly assumed center stage. In his introduction to the volume, Nick Potts situates the debate in its historical context and argues forcefully that the arguments of the orthodox Marxist economists, and the manner in which those arguments were couched, were "suppressive and contrary to scientific norms." The volume concludes with a 2014 debate, in which many of the same issues re-surfaced, between the philosopher Robert Paul Wolff and proponents of the TSSI.

An intensely personal meditation on the nature of America by a White Philosopher who joined a Black Studies Department and found his understanding of the world transformed by the experience. Autobiography of an Ex-White Man is an intensely personal meditation on the nature of America by a White Philosopher who joined a Black Studies Department and found his understanding of the world transformed by the experience. The book begins with an autobiographical narrative of the events leading up to Wolff's transfer from a Philosophy Department to the W. E. B. Du Bois Department of Afro-American Studies at the University of Massachusetts, and his experiences in the Department with his new colleagues, all of whom had come to Academia from the Civil Rights Movement of the 1960s. Wolff discovered that the apparently simple act of moving across campus to a new Department in a new building worked a startling change in the way he saw himself, his university, and his country. Reading as widely as possible to bring himself up to speed in his new field of academic responsibility, Wolff realized after a bit that his picture of American history and culture was undergoing an irreversible metamorphosis. America, he realized, has from its inception been a land both of Freedom and of Bondage -- Freedom for the few, and then forthose who are White, Bondage at first for the many, and then for those who are not White. Slavery is thus not an aberration, an accident, a Peculiar Institution -- it is the essence and core of the American experience. Wolff's optimistic outlook leads him to express the hope that acknowledging the realities of America's racial history and present will begin to tear down the formidable barrier to change. He sees this refashioning of the American story as a first step toward the crafting of a truly liberatory project. Robert Paul Wolff is Professor of Afro-American Studies at the University of Massachusetts-Amherst and the author of numerous books, including Introductory Philosophy and In Defense of Anarchism.

"A deep and provocative discussion of some of the most fundamental issues in political philosophy, written crisply, with candor, in a style that I find very winning. It is a most useful book, and a very good one."--Carl Cohen, author of "Communism, Fascism, and Democracy

"A provocative and engrossing introduction to current questions of political legitimacy, consent, deliberative democracy, the basis of majority rule, workers collectives, etc., that have been taken up by contemporary political theorists."--Georgia Warnke, author of "Justice and Interpretation

Karl Marx's great work, Capital, has intrigued and puzzled readers for more than a century by its mystifyingly intricate arguments and dramatic literary embellishments. In this book, Robert Paul Wolff dispels much of the mystery surrounding Capital by providing a literary-philosophical analysis of the text and of Marx's intentions.