Chiodi, Guglielmo; Ditta, Leonardo - In: History of Economic Ideas 11 (2003) 3, pp. 7-14
The aim of this paper is to show that the ‘pure labour theory of value’, as price theory, does not hold even at zero rate of profits, unless a very strong and restrictive assumption is made, i.e., invariable methods of production used through time. It is maintained that the above assumption...