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Some Reflections on Marx’s Theory of Value

In: Marxian Economics: A Reappraisal

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  • Gilbert Faccarello

Abstract

Two controversies concerning Marx’s theory of value were of particular importance during the 1960s and 1970s. The first is well known and has attracted most of the attention of Marxian scholars during these decades: I allude to the celebrated ‘transformation problem’2 and to the spirited debates that followed the publication of Sraffa’s Production of Commodities by Means of Commodities. The second one, however, is much less well known among economists but is also of fundamental importance: it was more methodological in character and centred mainly on Marx’s ‘logic’ and the relationship between Marx and Hegel.

Suggested Citation

  • Gilbert Faccarello, 1998. "Some Reflections on Marx’s Theory of Value," Palgrave Macmillan Books, in: Riccardo Bellofiore (ed.), Marxian Economics: A Reappraisal, chapter 3, pages 29-47, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26118-5_3
    DOI: 10.1007/978-1-349-26118-5_3
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