Is Marx’s theory of profit right?

This book, and the wider literature on which it draws, should be compulsive reading for all those who believe Marx’s theory is simply wrong, and be compulsory reading for all those who disdain his work and yet claim to study capitalism scientifically. Potts and Kliman have assembled a revealing collection of exchanges in a significant but mathematically challenging debate over the ’transformation problem’, in which the fundamental issue is the validity of Marx’s labor theory of value. The controversy also demonstrates the inherently political nature of scientific disputation.