Abstract

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.