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

Note 60 — Chapter V · RICARDO AND THE TRUE CLASSICAL LABOR THEORY

Reading edition

“It is necessary for me to remark that I have not said because one commodity has so much labour bestowed upon it as will cost £1,000 and another so much as will cost £2,000 that therefore one would be of the value of £1,000 and the other of the value of £2,000, but I have said that their value will be to each other as two to one, and that in those proportions they will be exchanged. It is of no importance to the truth of this doctrine whether one of these commodities sells for £1,100 and the other for £2,200, or one for £1,500 and the other for £3,000,” etc. Gonner ed., p. 39.

Explore with AITake your curiosity a little further.

Reading settings