Transformation problem: Difference between revisions

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There are several schools of thought among those who see themselves as upholding or furthering Marx on the question of transformation from values to prices, or modifying his theory in ways to make it more consistent.
 
According to the [[temporal single-system interpretation]] of ''Capital'' advanced by Alan Freeman, Andrew Kliman, and others, Marx's writings on the subject can be interpreted in such a way as to remove any supposed inconsistencies ({{sfn|Choonara |2007)}}. Modern traditional Marxists argue that not only does the labour theory of value hold up today, but also that Marx's understanding of the transformation problem was in the main correct.<ref name=JG>Joseph Green (2010): [http://www.communistvoice.org/45cTransformation1.html On the non-naturalness of value: A defense of Marx and Engels on the transformation problem (part one)]</ref>
 
Political-economic readings of ''Capital'', such as [[Harry Cleaver]]'s ''[[Reading Capital Politically]]'' redefine exploitation as a direct control of worked time, unrelated as such to distribution. These readings are usually associated with the [[Autonomist Marxism|autonomist]] strand of Marxism, which focuses on production as the key economic site within society. These readings of ''Capital'' are typically hostile to economics as such, and consider the transformation problem unimportant because they see all social arrangements in capitalism (in particular, profit and distribution) as politically determined contests between classes.