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

Note 94 — Chapter VI · MCCULLOCH, JAMES MILL AND TORRENS. ANTICIPATIONS OF MARX’S THIRD VOLUME.

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“Dass die Abweichungen vom Werth ... sich gegeneinander aufheben.” Das Kapital, vol. iii, p. 140. James Mill, in Elements of Political Economy, pp. 112-113 (1826), said the same thing. When the general rate of wages varies, for “the aggregate of commodities, taken all together, there is neither fall nor rise.”

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