• Proc. Natl. Acad. Sci. U.S.A. · Sep 1970

    The "transformation" from marxian "values" to competitive "prices": a process of rejection and replacement.

    • P A Samuelson.
    • DEPARTMENT OF ECONOMICS, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, CAMBRIDGE, MASSACHUSETTS 02139.
    • Proc. Natl. Acad. Sci. U.S.A. 1970 Sep 1; 67 (1): 423-5.

    AbstractThe well-known transformation procedure for transforming from Marxian values to competitive prices is shown to be logically of the form: "Anything" equals "anything else" multiplied by "anything/anything else."

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