What is the transformation problem?
A) How can the rate of exploitation determine employee compensation.
B) How can labor hours be transformed into money prices.
C) How can feudalism be transformed into capitalism.
D) How can necessary labor be transformed into surplus labor.

Question

Quizplus · Accepted Answer

The transformation problem is concerned with the question of how labor hours can be transformed into money prices within a capitalist economic system. This was a major theoretical challenge for classical economists such as Karl Marx, who sought to understand the relationship between the value of goods and services and the amount of labor required to produce them. The transformation problem is still a topic of debate within Marxist and economic theory today.

What Is the Transformation Problem