Table of Contents Ernest Mandel and Alan Freeman (1984): Ricardo, Marx, Sraffa Contents Ernest Mandel - Introduction 1 Robert H. Langston - A New Approach to the Relation Between Prices and Values Sraffa’s Distributive Prices Values in the Sphere of Production The Transition to Prices of Production Ceaseless Motion and Variation Time-Dependent Prices 2 Emmanuel Farjoun - The Production of Commodities by Means of What? Two Major Difficulties Uniformity—Theory and Reality Steedman’s Example Labour Values in Joint Production Economic Conditions Sraffa’s Omission Joint Production in a Subsistence Economy Joint Production with Surplus Steedman’s Precise Assumptions 1. Uniform Rate of Profit 2. The Indecomposability Assumption 3. The Zero Price Assumption 4. Assumptions on Numbers of Processes 5. The Maximum Rate of Profit Assumption Inconsistencies in Srafflan Prices 1. Negative Prices 2. Instability 3. Infinite Rate of Profit Appendix: An Algebraic Account 3 Anwar Shaikh - The Transformation from Marx to Sraffa I. Introduction II. Production, Reproduction and Exchange 1. The Contradiction of Commodity Production 2. The Double Role of Exchange 3. Money and Price 4. Tendential Regulation III. The Aggregate Effects of Price-Value Deviations 1. Calculation Versus Conception; The Redundancy Argument 2. The Sum of Values and the Sum of Surplus-Values 3. Profit and Surplus-Value 4. Prices of Production : The Profit Rate IV. Individual Price-Value Deviations 1. The Significance of Individual Price-Value Deviations 2. The Determinants of Individual Price-Value Deviations 3. Empirical Evidence A. Marzi and Varri Data B. The Leontief Data 4. Summary of the Empirical Evidence V. Summary and Conclusions Appendix A Appendix B 4 Hector Guillén Romero - Marx, Sraffa and the Neo-Classicals in Context I. Introduction 1. Neo-classicals and Νeo-Ricardians 2. Marxists and neo-Ricardians 3. The Importance of Studying Neo-Ricardianism II. Piero Sraffa’s System of Prices of Production The Search for the Standard Commodity The Standard System III. Problems of Interpretation 1. Sraffa s Theory of Prices of Production in Relation to Marginalist Theory 2. Sraffds Theory of Prices of Production in Relation to Marxist Analysis A. The Standard Commodity and the Status of Labour in the Neo-Ricardian Economy B. The Closure of Sraffa's System C. Sraffa and the Transformation Problem 3. Some Final Considerations in Relation to Piero Sraffa's Theory 5 Paulo Giussani - Labour-Power: The Missing Commodity 1. Preface 2. Exchange and Commodity Production 3. Simple Commodity Production 4. The Money-Commodity and the Numeraire 5. Circuit of Capital and Values 6. Labour-Power and Wage 7. Value and Price 8. Physical Surplus and Profit 9. Basic and Non-Basic Commodities 10. Uniform Profit Rate and Competition 11. Standard Commodity and Exploitation 6 Ernest Mandel - Gold, Money and the Transformation Problem Commodity Production and Gold Production Capitalist Commodity Production and Capitalist Gold Production Capitalist Gold Production and the Operation of the Law of Value Fluctuations in the Value of Gold and Fluctuations in the General Price Level Gold Production and Price Revolutions Gold Production and the Transformation Problem Time Schedules, the Transformation Problem and the Role of Money (Gold) in the Circulation Problem 7 Pierre Salama - Value and Price of Production: A Differential Approach I. Value and Exchange-Value Measure and Exchange II. A Transformation: an Alternative Approach Competition, Value and Price The Transformation Process in the Real World 8 Jesus Albarracín - Constant Returns and Uniform Profit Rates: Two False Assumptions I. The Fundamentals of Neo-Ricardian Analysis 1. Definitions 2. Two Fundamental Assumptions 3. A System of Commanded Labour Values 4. Values According to Labour Incorporated 5. The Price System, Centre of the Problem II. The Importance of Constant Returns to Scale 1. The Effects of Demand on Prices 2. Constant Returns to Scale and the Organic Composition of Capital 3. The Choice of Techniques and Demand 4. Increasing Returns, Wages and Profits in Late Capitalism III. The Significance of Equal Profit Rates 1. Average and Homogeneous Rates of Profit 2. Steedmaris Example IV. The Neo-Ricardians and the Transformation Problem 1. Social Values 2. The Equalization Process 3. Fixed Capital Conclusion 10 Alan Freeman - The Logic of the Transformation Problem 1. Introduction 2. The Argument in Outline 3. Origins of a Fundamental Error 4. Price, Supply, Demand and Markets 5. Marx, Markets and Money 6. Price, Value, and Technological Change 7. Revisiting the Two Equalities 8. Real and Metaphysical Determination Notes