Tsoulfidis, Lefteris (2018): Ricardo’s Theory of Value is Still Alive and Well in Contemporary Capitalism.

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Abstract
The purpose of this article is, on the one hand, to shed light on some significant aspects of Ricardo's theory of value and on the other hand to show that Ricardo's insights about the explanatory power of the relative labour times on the movement of relative prices were in the right direction. For this purpose, Ricardo's theory of value is cast rigorously and in modern terms such that by using detailed intertemporal data from inputoutput tables of two major economies to show that Ricardo's insights are absolutely consistent with the facts.
Item Type:  MPRA Paper 

Original Title:  Ricardo’s Theory of Value is Still Alive and Well in Contemporary Capitalism 
Language:  English 
Keywords:  David Ricardo; Value and distribution, Pricevalue deviations 
Subjects:  B  History of Economic Thought, Methodology, and Heterodox Approaches > B1  History of Economic Thought through 1925 > B12  Classical (includes Adam Smith) B  History of Economic Thought, Methodology, and Heterodox Approaches > B1  History of Economic Thought through 1925 > B14  Socialist ; Marxist B  History of Economic Thought, Methodology, and Heterodox Approaches > B1  History of Economic Thought through 1925 > B16  Quantitative and Mathematical B  History of Economic Thought, Methodology, and Heterodox Approaches > B3  History of Economic Thought: Individuals B  History of Economic Thought, Methodology, and Heterodox Approaches > B4  Economic Methodology B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B51  Socialist ; Marxian ; Sraffian B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B52  Institutional ; Evolutionary C  Mathematical and Quantitative Methods > C0  General C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General C  Mathematical and Quantitative Methods > C2  Single Equation Models ; Single Variables C  Mathematical and Quantitative Methods > C3  Multiple or Simultaneous Equation Models ; Multiple Variables C  Mathematical and Quantitative Methods > C4  Econometric and Statistical Methods: Special Topics C  Mathematical and Quantitative Methods > C5  Econometric Modeling C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C67  InputOutput Models D  Microeconomics > D3  Distribution D  Microeconomics > D4  Market Structure, Pricing, and Design D  Microeconomics > D4  Market Structure, Pricing, and Design > D46  Value Theory D  Microeconomics > D5  General Equilibrium and Disequilibrium > D57  InputOutput Tables and Analysis 
Item ID:  85822 
Depositing User:  Lefteris Tsoulfidis 
Date Deposited:  11 Apr 2018 07:15 
Last Modified:  11 Apr 2018 07:16 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/85822 