This paper tries to clarify the logical structure of the relationship between labour values and prices from an axiomatic perspective. The famous 'transformation problem' is interpreted as an impossibility result for a specific interpretation of value theory based on specific assumptions and...

This paper critically evaluates a recent contribution by Kliman and Freeman (2009). It is argued that none of their arguments dispel previous criticisms of the temporal single system interpretation�(TSSI). Indeed the paper confirms the suggestions of many critics that, as the missing parts of...

This paper tries to clarify the logical structure of the relationship between labour values and prices from an axiomatic perspective. The famous 'transformation problem' is interpreted as an impossibility result for a specific interpretation of value theory based on specific assumptions and...