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

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  • Samuelson, Paul

    (Massachusetts Institute of Technology)

Abstract

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.

Suggested Citation

  • Samuelson, Paul, 2012. "Understanding the Marxian Notion of Exploitation: A Summary of the So-CalledTransformation Problem Between Marxian Values and Competitive Prices," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 182-202, August.
  • Handle: RePEc:rnp:ecopol:ep1249
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