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As a case study of metaeconomic analysis we discuss Marx's economic thinking on ʻmetamorphosis.' Our aim is to extend the coverage of the concept beyond the ordinary sphere of economic analysis. For that purpose, the formal structure of metamorphosis is represented by the algebraic structures of group and semigroup. Such a conceptual formalization of metamorphosis enables us to investigate various aspects of socio-economic and physical phenomena. A few examples of its application are presenteddoi:10.15057/18603 fatcat:foi6lmumpbbapokvnnnxaev7fu