In the 20th century there was an unbridgeable gap between the ″right″ and ″left″ schools of economics with respect to the determination of value of commodities. While Marxian scholars insisted, that human labour being the essence of value to have a good argument for demonstrating exploitation, mainstream economists in the West focused on marginal utility theory to keeping up their basic axiom of methodological individualism. In contrast to this intellectual battlefield of the past century this paper demonstrates how the Marxian labour theory of value and neo-classical economic analysis can be used simultaneously to see the transformation problem under a new, and may be joint perspective.
