Adhering to the Labor-Value Theory and Studying the Transformation of Value

Labor-value theory is the basis of the whole Marxist economic theory system.Developed from the abstract to the concrete,the simple form of value is definitely getting closer to the real situation of economy,that is,the value will be transformed into productive prices.Actually,it is always the most debatable problem in Marxism theory whether the two parts are equalized-the total of value and profit and the total of productive price and surplus-value.This is not a technical problem only,but a problem about the basis of Marxist economic theory system.It can solve the contradiction between the law of value and law of productive-price and indicate the distribution of productive-prices set up in the society based on the product value.Therefore,it is of great theoretical and realistic significance to study the transformation of value.The present paper details Marxist theory on transformation into several profit-averaging cycles,and through the analysis of averaging-profit rate,it intends to point out that as partial surplus values have not entered into average processing,it results in the inequality between profits and surplus-value.However,it cannot cover the objective existence of the transformation of value into productive-price and it is not contradictory to labor value theory.