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Arbeitswerttheorie 1 Capitalism 1 Classical economics 1 David Ricardo 1 History of economic thought 1 Kapitalismus 1 Klassische Ökonomie 1 Labour theory of value 1 Theory of distribution 1 Theory of value 1 Verteilungstheorie 1 Werttheorie 1 price-value deviations 1 value and distribution 1 Ökonomische Ideengeschichte 1
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Article in journal 1 Aufsatz in Zeitschrift 1
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English 1
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Tsoulfidis, Lefteris 1
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World review of political economy : journal of the World Association for Political Economy 1
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ECONIS (ZBW) 1
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Ricardo's labor theory of value is alive and well in contemporary capitalism
Tsoulfidis, Lefteris - In: World review of political economy : journal of the … 12 (2021) 4, pp. 493-518
This article, by utilizing Ricardo's numerical examples, derives theoretical statements about the deviations of relative values (prices) from relative labor times. These deviations result from the presence of capital and the distributive variables (rate of profit and wage) and production...
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