Understanding the Marxian Notion of Exploitation: A Summary of the So-Called Transformation Problem Between Marxian Values and Competitive Prices (The Ending)

Ekonomicheskaya Politika / Economic Policy, 2012, 172—197

Abstract: In the second part of the article the author examines the so-called problem of transformation. First, he analyze certain contradiction faced by Marx in the third volume of “Capital” in studying the question of how to “transform” the cost into the price. Then he turns to the problem of “inverse transformation” and argues that Marx procedure “works” only in a single case — equal organic composition of capital. The third part of the article — bibliography — provides an overview of the work on the analysis of Marx’s theory.

Keywords: Marx; “Capital”; Marxian transformation problem; inverse transformation (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:e12510

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