Research on the Transformation of Value

Author: Bai Buluo/Nationality: Mainland China
Publisher:
Publish Date: 2006-06-01
Features: This book objectively studies the precise calculation of production prices and the errors in approximate calculations, demonstrating that these errors do not affect the research on the fundamental laws of capitalist economies. It also illustrates the quantitative perfection of Marx's theory of value transformation into production prices. Additionally, it provides an in-depth analysis of the main representative viewpoints in the debate over the "value transformation problem." The book consists of eight chapters. The first three chapters explain Marx's production price equation system and its mathematical characteristics in the precise calculation of value transformation into production prices, as well as the objective economic phenomenon of "equal division of surplus" revealed by this. Chapter four, based on this foundation, establishes a general model for the precise calculation of value transformation into production prices. Chapter five discusses the special model where the equal division of surplus equals zero and the calculation of monetary levels. Chapters six, seven, eight, and nine analyze the main representative viewpoints of Western economists on the "value transformation problem."