Re: Re: Re: a profound comment on the "transformation problem"

[JKSCHW@xxxxxxx]

In a message dated 9/21/00 4:58:37 PM Eastern Daylight Time,
jdevine@xxxxxxxxxxxxxxx writes:

<< His main point seems to be a relatively common-sense explanation of the
 "solution" to the "transformation problem" that Fred Moseley advocates. See
 the latter's article in the current _Review of Radical Political Economics_
 or in the book he edited, _Marx's Method in Capital_. It's a very simple
 solution, basically saying that there's no problem at all, since prices and
 values normally differ, but total prices = total value, while total
 property income = total surplus-value. >>

For a crisp demolition of this "solution," see M.C. Howard and J.E. King, A
History of Marxian Economics, vol II., pp. 276-80. --jks