Chinese Studies on the Transformation Problem: A Selective Review

2021 ◽  
pp. 048661342199757
Author(s):  
Kuochih Huang ◽  
Junshang Liang

Marxian economists in China have put forward several interpretations of the transformation problem that differ from interpretations available in the English Marxian literature. These contributions remain unfamiliar to the English world due to language barriers. Thus, this paper provides a review of four representative Chinese contributions. JEL Classification: B51, C67, D46

2003 ◽  
Author(s):  
H. Minnis ◽  
◽  
E. Kelly ◽  
H. Bradby ◽  
R. Oglethorpe ◽  
...  

2009 ◽  
Author(s):  
Susmita Pati ◽  
Kyleen Hashim ◽  
Brett Brown ◽  
Alex Fiks ◽  
Christopher B. Forrest

2017 ◽  
Vol 47 (188) ◽  
pp. 453-470 ◽  
Author(s):  
Hans-Peter Büttner

While the majority of the scientific community holds Marxian Value and Price Theory to be internally inconsistent because of the so-called “transformation problem”, these claims can be sufficiently refuted. The key to the solution of the “transformation problem” is quite simple, so this contribution, because it requires the rejection of simultanism and physicalism, which represent the genuine method of neoclassical economics, a method that is completely incompatible with Marxian Critique of Political Economy. Outside of the iron cage of neoclassical equilibrium economics, Marxian ‘Capital’ can be reconstructed without neoclassical “pathologies” and offers us a whole new world of analytical tools for a critical theory of capitalist societies and its dynamics.


2018 ◽  
pp. 27-49 ◽  
Author(s):  
H. D. Kurz

The paper celebrates Karl Marx’ 200th birthday in terms of a critical discussion of the “law of value” and the idea that “abstract labour”, and not any use value, is the common third of any two commodities that exchange for one another in a given proportion. It is argued that this view is difficult to sustain. It is also the source of the wretched and unnecessary “transformation problem”. Ironically, as Piero Sraffa has shown, prices of production and the general rate of profits are fully determined in terms of the same set of data from which Marx started his analysis.


Asian Survey ◽  
1961 ◽  
Vol 1 (9) ◽  
pp. 32-35
Author(s):  
John K. Fairbank ◽  
John M. H. Lindbeck

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