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Some Reflections on Marx’s Theory of Value

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Marxian Economics: A Reappraisal

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.

École Normale Supérieure de Fontenay/Saint-Cloud, France. I am grateful to Christopher Arthur, Heinz D. Kurz, David Levine and Geert Reuten for helpful discussions, and to two anonymous referees for their comments.

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© 1998 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Faccarello, G. (1998). Some Reflections on Marx’s Theory of Value. In: Bellofiore, R. (eds) Marxian Economics: A Reappraisal. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26118-5_3

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