It is frequently believed, in a quite schizophrenic fashion, that a theory of value must just solve the question of … "relative prices" (a microeconomic problem), being mainly the theory of money the piece needed for determining the absolute or … theoretically prior to any consideration of the money market, whereas on the other hand no theory of value can aspire to be complete …

) knowledge, the essentials of classical British economic theory (Political Economy) are outlined. Next the scientific career and … the genesis of the works of Ricardo are dealt with. The building blocks of his theory are Malthus' law of population and … his own theory of land rent. They serve as a basis for developing his original theory of income distribution among the …