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The Labor Theory of Value was used by Smith, Ricardo, and Marx to explain what determined the underlying value (and therefore relative prices) of reproducible
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Comparing and Contrasting the Labor Theory of Value LTV in Smith Ricardo and Marx While all three thinkers Adam Smith David Ricardo and Karl Marx utilized the LTV to some extent their approaches diffe...Get Instant Access to Expert-Tailored Solutions
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Economics An Introduction To Traditional And Progressive Views
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
7th Edition
0765616688, 978-0765616685
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