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The Dialectic Values and Prices

Author

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  • João Antônio de Paula

Abstract

Most of the debate about the so-called “transformation problem”; which stemsfrom Böhm-Bawerck’s criticism of the third volume of Capital, has a frame of reference thatattributes presuppositions and a methodology to Marx that are more suitable to the Walrasiantheory. This article discusses that question aiming at two different goals. It points theproblematic consequences to the Marxist theory of values and prices of the acceptance ofthe presuppositions of the equilibrium approach. On the other hand, it offers an argumentfor tackling the “transformation problem” from a strictly dialectical point of view. JEL Classification: B52; D46.

Suggested Citation

  • João Antônio de Paula, 2000. "The Dialectic Values and Prices," Brazilian Journal of Political Economy, Center of Political Economy, vol. 20(4), pages 480-500.
    • Handle: RePEc:ekm:repojs:v:20:y:2000:i:4:p:480-500:id:1040
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    Keywords

    Labor theory of value; transformation problem;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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