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What Price Value? Beyond the Transformation Problem and the Sraffian Critique

In: Class, Surplus, and the Division of Labour

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  • Michal Polák

Abstract

Attack may well be the best defence, as the claim goes; and I have been on the offensive in the previous chapter, trying to prove the virtues of the Marxian theory by attacking the available alternatives at their weakest points. However, to prove the relevance of the Marxian theory, it is also necessary to attend to the wounds that it has itself sustained over the years. The question I shall want to answer is thus whether the problems of the Labour Theory of Value (LTV) are so serious that despite all its proclaimed merits, it can no longer serve as the basis for a theory of classes.

Suggested Citation

  • Michal Polák, 2013. "What Price Value? Beyond the Transformation Problem and the Sraffian Critique," Palgrave Macmillan Books, in: Class, Surplus, and the Division of Labour, chapter 6, pages 140-181, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-28773-1_6
    DOI: 10.1057/9781137287731_6
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