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

Note 67 — Chapter V · RICARDO AND THE TRUE CLASSICAL LABOR THEORY

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Ricardo’s theory that a rise of interest must accompany a fall of wages and vice versâ is not an essential part of the present problem. Interest acts as a cause of deviation of exchange value from proportionality to wages cost, whether this particular theory of wages and interest be adopted or not.

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