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Book Chapter

The Empirical Strength of the Labour Theory of Value

  • Shaikh A
Palgrave Macmillan UK, (1998), 225-251
DOI: 10.1007/978-1-349-26121-5_15
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Abstract

The purpose of this chapter is to explore the theoretical and empirical properties of what Ricardo and Smith called natural prices, and what Marx called prices of production. Classical and Marxian theories of competition argue two things about such prices. First,...

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Shaikh, A. M. (1998). The Empirical Strength of the Labour Theory of Value. In Marxian Economics: A Reappraisal (pp. 225–251). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-26121-5_15

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