Title: On the Century-Old Mathematical Proof of Marxist Transformation Theory and a Rational Insight into Economic Phenomena——Pushing Forward Economic Studies on the Basis of Interpreting Marxist Propositions
Abstract:The Marxist transformation problem has been approached from mathematical perspectives for about 100 years by Western scholars such as Paul Samuelson and Ian Steedman with a view to disproving Marxist ...The Marxist transformation problem has been approached from mathematical perspectives for about 100 years by Western scholars such as Paul Samuelson and Ian Steedman with a view to disproving Marxist propositions. The paper divides previous transformation models into two systems, one being the system of input-output correlation and the other the system of single production process. By way of substantial examples, the paper reveals that some of these transformation models have deviated from the essential connotations of Marxist propositions while others have failed to represent in full such essential connotations hereinbefore, as a result of which the transformation models aimed at disproving Marxist propositions turned out to be disproved themselves in the first place. In light of the original intention of Marx, the paper proposes a new transformation equation, which, different from any previous ones, is characterized by a combination between capital flow and value transformation. It is reflected that the average profit margin is formed during the course of capital flows, and at the same time, the conversion of value into production prices takes place. As a basic economic phenomenon, the transformation problem occurs during the course of capital flows. Therefore the transformation equation put forward in the paper hopes to reflect, with impartial truth, the basic circumstances of Marxist propositions, which is also the essential prerequisite for the demonstration of such propositions.Read More
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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