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

Note 90 — Chapter VI · MCCULLOCH, JAMES MILL AND TORRENS. ANTICIPATIONS OF MARX’S THIRD VOLUME.

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Vol. iii, p. 138. See Böhm-Bawerk, op. cit., p. 67 et seq. There are other arguments advanced by Marx for the redemption of his theory, considered in order by Böhm-Bawerk, but that given is the first and principal one. The second is that the law of value governs the movement of prices. This is analogous to, if not identical with, Ricardo’s claim, that changes in labor-cost are the causes of changes of values. See ante, pp. 54-5.

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