ABSTRACT

No dialectical theory can be properly understood or evaluated except in terms of the way it deals with the connections and tendencies inherent in its specific subject matter. But in order to give some specificity to what author have said about Marx's method, he will try to present a thumbnail sketch of Marx's theory, emphasizing Marx's law of value, his theory of surplus value, and his approach to relative price theory. The charge of incoherence only makes sense if we ignore the dialectical structure of Marx's theory and mistake the law of value for a full-blown theory of relative prices. By this he means that prices can be 'developed' out of values, that a dialectical theory beginning with the law of value can explain the factors which give rise to the deviation of prices from values in actual capitalism.