Начала политической экономии и налогового обложения. 2-е издание
In the second edition of the works of D. Ricardo (1772-1823) the most important works were published, revealing the multifacetedness, depth and at the same time the integrity of his work. In this edition for the first time the translation of Ricardo's last lifetime manuscript "Absolute Value and Exchange Value" (1823) is published. In it, Ricardo continues to develop key political and economic problems: values and prices, theories of labor value, capital. For scientists, historians of economic thought, graduate students and students, as well as all classics of political economy who are interested in the legacy of political economy classics.
This draft is translated from English, with notes and commentaries. D. Ricardo's manuscript "Absolute value and exchange value" was written in the last months of his life (aug.-sept. 1823). In it, he continues to search for "an invariable measure of value" and comes to a series of nontrivial ideas that have become (as shown in the translator's notes) starting points for creating a model of the circular flow economy within P. Sraffa's "production of commodities by means of commodities". Ricardo's manuscript can be viewed as a concentrated expression of his final ideas regarding the so-called labor theory of value.
In the preface to the translation of the last manuscript by D. Ricardo, "Absolute value and exchange value" (August-September 1823), an assessment of the historical and economic significance of this text in the corpus of Ricardo's works is given, a variant of rethinking Ricardo's heritage in Russia (the tradition of N. Zieber, on the one hand, and V.K. Dmitriev, on the other). The content of this essay is unveiled, as applied to the analysis of P. Sraffa's "Production of Commodities by means of Commodities".