Jun Matsuo

　
　　 　　The aim of this paper is to elucidate the making process of Marx's theory of the price of production in his "Manuscript 1861-63." For this purpose, I examine the views of Professor Izumi Ohmura, who asserts that Marx's theory of the price of production was formed in the above manuscript.

　　Professor Ohmura's interpretations and assertions can be outlined as follows. First, Marx gained a basic understanding of the problem of "value and price of production" at the end of his manuscript, " Drittes Capitel. Capital und Profit.," in the process of elucidating the problem of the "special characteristics of the transfer of value of fixed capital." Second, the idea of including the theory of the price of production into "Capital in General" came to Marx at about the time of beginning of the writing of "Theories of Surplus Value."

　　Having considered each of these two points, I previously arrived at the following assertions. First, Marx achieved a basic understanding of the price of production in "g) Rodbertus" and "h) Ricardo" in the "Theories of Surplus Value," and not in " Drittes Capitel. Capital und Profit. " Second, Marx began to entertain the idea of including the theory of the price of production into "Capital in General" in the time of the writing of "g) Rodbertus" and "h) Ricardo" in the "Theories of Surplus Value," and not at about the time of beginning of the writing of "Theories of Surplus Value."

　　In response to the foregoing criticisms, I received a detailed rebuttal from Professor Ohmura. But this did not resolve my doubts concerning his position. In Volume 37 of The Annals of the Society for the History of Economic Thought,1999, I had the opportunity to write a review of Professor Ohmura's new book, "The New MEGA and the Making of 'Das Kapital'". In the course of writing this review, I carefully re-examined the assertions of Professor Ohmura. Given the limited space available in the review article, Professor Ohmura pointed out that my exposition was inadequate. This paper now presents the results of my examination in full detail.