Over 100 years since Marx's value theory of labour was first published, the so-called ``transformation problem …'' -- deriving prices from values and providing a theory of profits as arising from surplus value -- has inspired the imagination of … transformation problem as a trivial technical exercise, the issue has recently received renewed attention in Marxian economic theory …

The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an … changing role is best understood in the light of a paradigmatic change from Keynesianism to neoclassical search theory. …