MAKING THE LAW OF VALUE BULLET PROOF. Harmonizing transformation with reproduction.
September 11, 2021 Leave a comment
It was said that once values were transformed into prices, Marx’s Reproduction Schema collapsed due to disproportions. This article shows this not to be true provided the correct assumptions emerge. In addition, in my earlier articles on the Transformation Problem it was unclear whether the amount of surplus value being transferred was a single transfer or a double transfer. That error of omission is cleared up by this article. Thus this article should be read in conjunction with the article titled: Comprehensive Update to the Transformation Problem.
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