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Understanding the Marxian Notion of Exploitation: A Summary of the So-Called Transformation Problem Between Marxian Values and Competitive Prices


  • Samuelson, Paul A


In the paper the author gives along-overdue review of famous Marxian transformationproblem. So that the problems which are purely logical can be cleared up to the satisfactionof Marxians and non-Marxians alike, he abstains from appraising the empirical fruitfulnessofthe exploitation hypotheses— for this or the last century, for static or dynamic insights. Part One provides the stage setting to the controversy and discusses the tools neededfor its understanding.
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Suggested Citation

  • Samuelson, Paul A, 1971. "Understanding the Marxian Notion of Exploitation: A Summary of the So-Called Transformation Problem Between Marxian Values and Competitive Prices," Journal of Economic Literature, American Economic Association, vol. 9(2), pages 399-431, June.
  • Handle: RePEc:aea:jeclit:v:9:y:1971:i:2:p:399-431

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    Blog mentions

    As found by, the blog aggregator for Economics research:
    1. Is the Marxian labour theory of value correct?
      by paulcockshott in Though Cowards Flinch on 2010-03-19 17:00:17


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    Cited by:

    1. Hans-Werner Sinn, 2017. "What Marx Means Today," Economic Affairs, Wiley Blackwell, vol. 37(2), pages 229-239, June.
    2. Cavalieri, Duccio, 1995. "Plusvalore e sfruttamento dopo Sraffa. Lo stato del problema
      [Surplus Value and Exploitation After Sraffa: The State of the Problem]
      ," MPRA Paper 43780, University Library of Munich, Germany.
    3. Andrew Kliman & Ted McGlone, 1999. "A Temporal Single-system Interpretation of Marx's Value Theory," Review of Political Economy, Taylor & Francis Journals, vol. 11(1), pages 33-59.
    4. Alain Lipietz, 1982. "Retour au problème de la « transformation des valeurs en prix de production »," Cahiers d'Économie Politique, Programme National Persée, vol. 7(1), pages 141-165.
    5. Guillermo Escudé, 2014. "Addressing the Poverty of Mainstream Economics," Working Papers hal-01233851, HAL.
    6. Vaona, Andrea, 2011. "Profit rate dynamics, income distribution, structural and technical change in Denmark, Finland and Italy," Structural Change and Economic Dynamics, Elsevier, vol. 22(3), pages 247-268, September.
    7. Antoine Delarue, 1975. "Eléments d'économie néo-ricardienne. II Echange inégal et développement," Revue Économique, Programme National Persée, vol. 26(3), pages 337-364.
    8. Ellerman, David, 2010. "Marxism as a capitalist tool," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(6), pages 696-700, December.
    9. Tiago Camarinha Lopes, 2011. "As Fases Históricas Do Debate Sobre Atransformação Dos Valores Em Preços De Produção," Anais do XXXVIII Encontro Nacional de Economia [Proceedings of the 38th Brazilian Economics Meeting] 030, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    10. Li, Wu & Li, Bangxi, 2014. "A Linear Multi-Sector Equilibrium Model with Taxation," MPRA Paper 59313, University Library of Munich, Germany.
    11. Jonathan F. Cogliano, 2017. "Surplus Value Production and Realization in Marxian Theory - Applications to the U.S., 1987-2015," Working Paper Series 2017-01, Dickinson College, Department of Economics.
    12. PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Applied Economics.
    13. John B. Davis, 2013. "Mark Blaug on the historiography of economics," Chapters,in: Mark Blaug: Rebel with Many Causes, chapter 12, pages 159-176 Edward Elgar Publishing.
    14. Hagendorf, Klaus, 2009. "Towards a Political Economy of the Hunters and Gatherers: A Study in Historical Materialism," MPRA Paper 17339, University Library of Munich, Germany, revised 15 Sep 2009.
    15. Edward N. Wolff, 2000. "What's Behind the Recent Rise in Profitablity?," Economics Working Paper Archive wp_297, Levy Economics Institute.
    16. Freeman, Alan, 1997. "If they're so rich, why ain't they smart? Another prelude to the critique of economic theory," MPRA Paper 52699, University Library of Munich, Germany, revised 04 Feb 2013.
    17. Stefano Perri, 2003. "The Counterfactual Method of Marx's Theory of Surplus," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 107-124.

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