A Critical Note on Ricardo's views on Absolute and Relative Value in terms of Labor Values

被引:0
作者
Ramirez, Miguel D. [1 ]
机构
[1] Trinity Coll, Econ, Hartford, CT 06106 USA
关键词
absolute value; competitive capitalist economy; invariable measure of value; labor theory of value; national product; natural prices; relative value;
D O I
10.3280/SPE2023-002003
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:53 / 66
页数:14
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