World Review of Political Economy

Volume   12   Number   4     March   2021

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 CONTENTS

Marx’s Labour Theory of Value: Value, Price, and the Transformation Problem

Value and Price: Controversy, Stasis, and Possibility 436

David Laibman

Pure-Blood and Muggle Marxian Approaches in the Theory of Value and Price 444

Tiago Camarinha Lopes

What Does the Labor Theory of Value Do? 452

Fred Moseley

A Shift from the Problematic of “Transformation” 463

Paul Cockshott and David Zachariah

Articles

Value Production, Measurement, and Distribution under Digital Capitalism: A Critique of the Theory That the Law of Value Has Failed 472

Xu Wei

Ricardo’s Labor Theory of Value Is Alive and Well in Contemporary Capitalism 493

Lefteris Tsoulfidis

Capital–Labor Relations in the Japanese Construction Industry 519

Teppei Shibata

Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists 541

Anthony William Donald Anastasi

Book Review

Enterprise Reforms and Innovation as Key Drivers of the Socialism with Chinese Characteristics: An Introduction of Enterprises, Industry and Innovation in the People’s Republic of China: Questioning Socialism from Deng to the Trade and Tech War by Alberto Gabriele 558

Alberto Gabriele

Information

WAPE Membership Information 570

Guidelines for Contributors 572