A Marxian Alternative to the Traditional "Transformation Problem"

Richard Wolff, Antonino Callari and Bruce Roberts
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Antonino Callari: Franklin and Marshall College, Lancaster, PA., 17604
Bruce Roberts: College of William and Mary, Williamsburg, Virgina, 23185.

Review of Radical Political Economics, 1984, vol. 16, issue 2-3, 115-135

Abstract: This paper offers a unique Marxian formulation of the transformation of values in prices of production. This formulation-based upon a specific reading of Marx's economics not previously applied to the "transformation problem"-permits a radically new conception and solution to that problem. The authors underscore the theoretical distance separating this Marxian formulation not only from the generally Ricardian framework of the debates over value-price transformation, but also from certain other Marxian critiques of that framework. This intervention in the transformation debates is shown to be closely linked to and warranted by a specific view of the basic differences between Marxian and classical economic theories.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:16:y:1984:i:2-3:p:115-135

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