Transformation problem
In 20th-century discussions of Karl Marx's economics, the transformation problem is the problem of finding a general rule by which to transform the "values" of commodities (based on their socially necessary labour content, according to his labour theory of value) into the "competitive prices" of the marketplace. This problem was first introduced by Marx in chapter 9 of the draft of volume 3 of Capital, where he also sketched a solution. The essential difficulty was this: given that Marx derived profit, in the form of surplus value, from direct labour inputs, and that the ratio of direct labour input to capital input varied widely between commodities, how could he reconcile this with the tendency toward an average rate of profit on all capital invested?
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Cost-of-production theory of valueCriticism of MarxismCriticism of value-formCriticisms of the labour theory of valueDas Kapital, Volume IIIEconophysicsExchange valueIndex of contemporary philosophy articlesIndex of economics articlesIndex of philosophy articles (R–Z)Insight phenomenologyLabor theory of valueLadislaus BortkiewiczLaw of valueList of unsolved problems in economicsNobuo OkishioOrganic composition of capitalPaul SweezyPricePrices of productionTemporal single-system interpretationThe Theory of Capitalist DevelopmentTransformationValue-form
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Transformation problem
In 20th-century discussions of Karl Marx's economics, the transformation problem is the problem of finding a general rule by which to transform the "values" of commodities (based on their socially necessary labour content, according to his labour theory of value) into the "competitive prices" of the marketplace. This problem was first introduced by Marx in chapter 9 of the draft of volume 3 of Capital, where he also sketched a solution. The essential difficulty was this: given that Marx derived profit, in the form of surplus value, from direct labour inputs, and that the ratio of direct labour input to capital input varied widely between commodities, how could he reconcile this with the tendency toward an average rate of profit on all capital invested?
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In 20th-century discussions of ...... rofit on all capital invested?
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Le théorème marxien fondamenta ...... o Okishio et Michio Morishima.
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Nel dibattito economico, non a ...... ratura al problema in oggetto.
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Проблема трансформации — одна ...... гие экономисты сочли натяжкой.
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In 20th-century discussions of ...... rofit on all capital invested?
@en
Le théorème marxien fondamenta ...... o Okishio et Michio Morishima.
@fr
Nel dibattito economico, non a ...... nica del capitale tra settori.
@it
Проблема трансформации — одна ...... гие экономисты сочли натяжкой.
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Problema della trasformazione dei valori in prezzi di produzione
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Théorème marxien fondamental
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Transformation problem
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Transformationsproblem
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Проблема трансформации
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