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Chinese Studies on the Transformation Problem: A Selective Review

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  • Kuochih Huang
  • Junshang Liang

Abstract

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

Suggested Citation

  • Kuochih Huang & Junshang Liang, 2021. "Chinese Studies on the Transformation Problem: A Selective Review," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(4), pages 725-734, December.
    • Handle: RePEc:sae:reorpe:v:53:y:2021:i:4:p:725-734
    DOI: 10.1177/0486613421997573
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    References listed on IDEAS

    as
    1. Simon Mohun & Roberto Veneziani, 2017. "Value, Price, And Exploitation: The Logic Of The Transformation Problem," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1387-1420, December.
    2. Duncan K. Foley, 1982. "The Value of Money the Value of Labor Power and the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 37-47, June.
    3. Simon Mohun & Roberto Veneziani, 2017. "Value, Price, And Exploitation: The Logic Of The Transformation Problem," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1387-1420, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labor theory of value; transformation problem; input-output model;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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