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The labor theory of value and the transformation problem: an analysis with focus on the temporal single-system interpretation

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Author(s):
João Paulo Afonso de Souza
Total Authors: 1
Document type: Master's Dissertation
Press: São Paulo.
Institution: Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD)
Defense date:
Examining board members:
Eleuterio Fernando da Silva Prado; João Machado Borges Neto; Ruy Gomes Braga Neto
Advisor: Eleuterio Fernando da Silva Prado
Abstract

The problem of the transformation of values into prices of production provides a suitable basis on which to discuss the validity and the scientific status of the labor theory of value. In this thesis, we attempt to understand two of its main aspects. First, we study its meaning in Marx?s presentation of the categories of the capitalist economy in Capital. We show that the transformation is a fundamental process in that it enables the Law of Value to effectively regulate the economic system and, by doing so, allows for capital accumulation. Second, we study the main modern interpretations that have followed the publication of Marx?s transformation procedure in Capital Volume III, with emphasis in the most recent of them, the Temporal Single-System Interpretation. We discuss their main theoretical and computational problems in connection with the preceding analysis. In the end, we propose a few questions for future research. (AU)