Question
In regards to Adam Smith and David Ricardo's labor theory of value, In what ways are their theories similar and in what ways different? Do
In regards to Adam Smith and David Ricardo's labor theory of value, In what ways are their theories similar and in what ways different? Do they agree or does one criticize the other? Explain. Also what, if any, are the implications of the theory of value of each for their larger economic theory? How are their larger theories related to their respective theories of value?
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
