Introduction: Current Controversies in Radical Economics -- 1 Radical Economics: A Tradition of Theoretical Differences -- Rhetoric and Radical Economics: A Comment on Resnick and Wolff -- 2 The Value Controversy Reconsidered -- Values and Value Transfers: A Comment on Itoh -- 3 Analytical...

This paper offers a unique Marxian formulation of the transformation of values in prices of production. This formulation-based upon a specific reading of Marx's economics not previously applied to the "transformation problem"-permits a radically new conception and solution to that problem. The...

Sraffa's construct, the standard commodity, responds to Ricardo's search for an 'invariable' measure of value, since it is a measurement unit invariant to changes in distribution. But Sraffa suggests that there is no 'counterpart,' no analogous search or needed construct, for the 'problem' of...

Building on an analysis of values and prices in the context of explicitly heterogeneous concrete labors, this paper formally examines Marx’s repeated imagery of capitalist competition as a process of “sharing” among “hostile brothers,” each a “shareholder” in a “social...