The Dialectic Values and Prices

Vol. 20 No. 4 (2000)

Oct-Dec / 2000
Published October 1, 2000
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Paula, João Antônio de. 2000. “The Dialectic Values and Prices”. Brazilian Journal of Political Economy 20 (4):480-500.

The Dialectic Values and Prices

João Antônio de Paula
Professor e pesquisador do Centro de Desenvolvimento e Planejamento Regional da Universidade Federal de Minas Gerais – CEDEPLAR/FACE/UFMG, Belo Horizonte/MG, Brasil.
Brazilian Journal of Political Economy, Vol. 20 No. 4 (2000), Oct-Dec / 2000, Pages 480-500


Most of the debate about the so-called “transformation problem”; which stems
from Böhm-Bawerck’s criticism of the third volume of Capital, has a frame of reference that
attributes presuppositions and a methodology to Marx that are more suitable to the Walrasian
theory. This article discusses that question aiming at two different goals. It points the
problematic consequences to the Marxist theory of values and prices of the acceptance of
the presuppositions of the equilibrium approach. On the other hand, it offers an argument
for tackling the “transformation problem” from a strictly dialectical point of view.

JEL Classification: B52; D46.

Keywords: Labor theory of value transformation problem