Routledge Dictionary of Economics, Second Edition
transformation problem (D0)
The problem stated in MARX’S Das Kapital of deriving prices from values and of deriving profits from SURPLUS VALUE. Solutions offered by mathematical economists have attracted criticism on account of their restrictive assumptions.
References
Böhm-Bawerk, E.von (1949) Karl Marx and the Close of his System, New York: Augustus M.Kelly
Junankar, P.N.
(1982) Marx’s Economics, ch. 3, Oxford: Philip Alan.
Roemer, J. (1981) Analytical Foundations of Marxian Economic Theory, Cambridge: Cambridge University Press.
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