What Price Value? Beyond the Transformation Problem and the Sraffian Critique

Michal Polák

Chapter 6 in Class, Surplus, and the Division of Labour, 2013, pp 140-181 from Palgrave Macmillan

Abstract: Abstract Attack may well be the best defence, as the claim goes; and I have been on the offensive in the previous chapter, trying to prove the virtues of the Marxian theory by attacking the available alternatives at their weakest points. However, to prove the relevance of the Marxian theory, it is also necessary to attend to the wounds that it has itself sustained over the years. The question I shall want to answer is thus whether the problems of the Labour Theory of Value (LTV) are so serious that despite all its proclaimed merits, it can no longer serve as the basis for a theory of classes.

Keywords: Equilibrium Price; Neoclassical Economic; Productive Relationship; Surplus Labour; Subsistence Economy (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28773-1_6

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DOI: 10.1057/9781137287731_6

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