Publisher's Synopsis
""History and Criticism of the Labor Theory of Value in English Political Economy"" by Albert C. Whitaker is a comprehensive study of the labor theory of value, a concept that has played a significant role in the development of political economy. The book traces the origins of the theory from its early formulations by Adam Smith and David Ricardo to its later development by Karl Marx and other socialist thinkers. Whitaker provides an in-depth analysis of the labor theory of value, examining its strengths and weaknesses and the debates that have surrounded it over the years. He explores the historical context in which the theory emerged and the various ways in which it has been applied in different economic systems. The book also delves into the criticisms that have been leveled against the labor theory of value, including objections based on the subjective theory of value and the role of technology in determining prices. Whitaker assesses these criticisms and offers his own perspective on the value and limitations of the theory. Overall, ""History and Criticism of the Labor Theory of Value in English Political Economy"" is a valuable resource for anyone interested in the history of economic thought and the debates surrounding the labor theory of value. It provides a detailed and nuanced analysis of this important concept and its place in the development of political economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
