Understanding the Marxian notion of exploitation: A Summary, Up of the So-called transformation problem, Between Marxian values and competitive prices

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.

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