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History and criticism of the labor theory of value in English political economy

Note 10 — Chapter II · ADAM SMITH’S PHILOSOPHICAL OR PRIMITIVE ACCOUNT OF VALUE.

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Referring to the words just quoted, Mr. Ingram says: “This sentence, which on close examination will be found to have no definite intelligible sense, affords a good example of the way in which metaphysical modes of thought obscure economic ideas.” History of Political Economy, p. 94, note.

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