In ope-l 2426, Fred wrote, among other things:
"The 'correct' solution is one in which the transformation is complete
in the sense that no further transformation takes place in subsequent
periods."
Marx's transformation discussion in Ch. 9 assumes a period of one year, and
let's assume that as well. Now, what happens the next year? Is surplus-
value produced, and if so, is it possible that it isn't produced in
proprtion to the capital advanced across the various branches? And if
so, doesn't a "further transformation take place" this next year? If
not, why not?
Andrew Kliman