A Critique of the ‘New Approach’ to the Transformation Problem and a Proposal

Theodore Mariolis ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper shows that the ‘New Approach’ to the ‘problem of transforming values into prices’, first, is subjected to a crucial logical inconsistency and second, is not in a position to deal with the heterogeneous labour case. Thus, the paper proposes an approach, which overcomes these problems and concludes that values of commodities are their actual prices.

Keywords: Abstract social labour; heterogeneous labour; New Approach; transformation problem (search for similar items in EconPapers)
JEL-codes: B51 C67 D46 D57 E11 (search for similar items in EconPapers)
Date: 2006-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Indian Development Review: An International Journal of Development Economics 1.4(2006): pp. 23-37

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/24019/1/MPRA_paper_24019.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:24019

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().