Heterodox
It follows clearly if you accept the interpretation of Marx’s law of value (as he expressed it in volume 1 of Capital) by Engels in his “Supplement and Addendum” to Volume 3 of Capital (see my discussion of it here).According to this interpretation, the view that labour values are anchors for individual prices and that prices tend to correspond to labour values can only be held to be true for the pre-modern modern of commodity exchange before about the 15th century. This law of value ceases...
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