The Genesis of the Transformation Problem

Ian Wright, a seasoned expert on the Transformation Problem, joins Gabriel Palcic, who reads key insights throughout the discussion. They delve into the historical backdrop of Marxian economics, exploring ancient barter and the evolution of economic value. Wright clarifies how human labor shapes economic value and discusses the debate around labor values versus market prices, shedding light on surplus value and its implications in our capitalist society. This insightful conversation offers a fresh perspective on longstanding economic theories.