Autore
D. Ramirez, Miguel

Titolo
A Critical Note on Ricardo?s views on Absolute and Relative Value in terms of Labor Values
Periodico
History of economic thought and policy
Anno: 2023 - Fascicolo: 2 - Pagina iniziale: 53 - Pagina finale: 66

This note examines Ricardo?s views on absolute and relative value in terms of the labor theory of value. It discusses why Ricardo viewed the construction of a standard of value capable of measuring changes in the absolute value of commodities as critical to understanding the division of the national product among the main contending classes in a competitive capitalist economy. The paper also highlights the shortcomings of Ricardo?s proposed standard measure of value ? one that would challenge and confound him all his life.



SICI: 2240-9971(2023)2<53:ACNORV>2.0.ZU;2-P
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