The Transformation Problem and Value-Form: Methodological Comments

  • Pertti Honkanen


The discussions and debates Marx’s theory of value and especially the so-called transformation problem have been very protracted. The discussion raises many methodological and principal problems. An important starting point is Marx’s outline parsing the value theory in the questions about the substance, measure, and form of value. In the debates some of these aspects are often overestimated to the detriment of others. If the focus is in the form of value, the measure, the substance, and the material conditions of the valorization process are sometimes underestimated. If on the other hand the technical conditions of the process of production are emphasized, the changes and metamorphosis in the form of value is often ignored or neglected. The difficulty is obviously in finding the right path to the synthesis of these various aspects in the theory of value. In this article, some methodological problems are touched, especially those connected with the reproduction schemes and linear production models and the relation of “simultaneous” and “sequential” reasoning as well as with the “monetary” theory of value.


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Authors and Affiliations

  • Pertti Honkanen
    • 1
  1. 1.Social Insurance Institution of FinlandHelsinkiFinland

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