Social Sciences
8 years ago

Marxian values challenged as Sraffa's work questions relationship between value and price.

Palgrave Macmillan UK eBooks
The Transformation Trinity: Value, Value Form and Price
Antonino Callari, Bruce Roberts, Richard Wolff

Paper Summary

Related papers

Theme background image
Social Sciences
4 years ago

Marx's Theory of Surplus Value Challenges Traditional Economic Perspectives.

Political Economy
Macroeconomic Trends
Bergson Philosophy
1 view
Theme background image
Social Sciences
6 years ago

Marx's Capital Theory Revolutionized with New Commodity Value Approach

Political Economy
Macroeconomic Trends
2 views
Theme background image
Social Sciences
6 years ago

Unveiling the Path to Liberation: Marx's Value Theory Decoded

Political Economy
Critical Theory
Althusser Studies
1 view

In the 1970s, Sraffa's work questioned Marx's ideas on value and price, known as the 'transformation problem'. Sraffa's system showed that Marx's values may be incorrect or unnecessary, as production costs and prices are interlinked.