Controversy has prevailed since the problem of "transforming" values into prices first emerged in the late 19th century. Progress has, regrettably, been hampered by attempts to "vindicate" Marx's work exactly, rather than treating him as a pioneer upon whom his successors must build, using the...

The political economist N. Sieber wrote a book in 1871 in part summarizing Marx's value theory compared to Ricardo's, and Marx himself favourably commented on the interpretation. Here, Sieber's Russian text on Marx is translated, joined with an introductory preface by James D. White and an...