Title: Disintegration of Ricardo's School and Marx's Labour Value Theory
Abstract:The labour value theory of British classical political economics refers to the determining rules of change rate under the condition of primitive goods exchange,which inevitably confront against goods ...The labour value theory of British classical political economics refers to the determining rules of change rate under the condition of primitive goods exchange,which inevitably confront against goods price determination and fluctuation under the condition of capitalist free competition.Adam Smith had discovered this contradiction,but he has no correct resolution;while Ricardo has no effective resolution,but he proposed the universality of labour value theory,which became the stocking of attack from the opponents.This paper has explained the two contradictions in Ricardo's labour value theory,discussed the arguments between the supporters and opponent of Ricardo's School,and Marx's solution to the contradiction of Ricardo's school.Read More
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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