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Regular version of the site

Book chapter

Абсолютная ценность и меновая ценность [август-сентябрь 1823]

С. 833-880.
Рикардо Д.
Translator: П. Н. Клюкин
Editor of translation: П. Н. Клюкин

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.