Marx's Labor Theory of Value and Its Implications for Structural Problems in China's Economy

• 来源期刊: 经济与政治研究（英文版）
• 关键词: Marx's transformation problem organic composition of capital fixed capital-labor ratio unequal exchange of labor agriculture in China
• 年，卷（期）: 2014,（2）
• 页码范围: 139-150
• 页数: 12页
• 语种: 英文

摘要

This paper computes the values of commodities (including fixed capital) as well as production prices in China's economy.In light of Marx's transformation problem,the ratios of production prices to the values of 24 major commodities are computed.It is shown that the ratio of price to value in agriculture is the lowest,which indicates that agriculture is facing an unequal exchange of labor with other sectors.