Title: A New Explanation of the Two Contradictions in Ricardo's Theory
Abstract: There are two problems in Ricardo's theory.One is how the cxchange of capital and labor corresponds to the law of value;the other is how the existence of average interest rate corresponds to the law of value.Though the two problerns have been solved scientifically by Marx,it does not keep us from researching the problems and having new solutions to them.In fact the first problem with Ricardo's theory lies in that Ricardo confuses the value of goods with the value that goods can create.The second problem is the presupposition that surplus value ratio is 100% in spite of the different organic formation of capital,which is both irrational and unrealistic.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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