History and Criticism of the Labor Theory of Value in English Political Economy

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"History And Criticism Of The Labor Theory Of Value In English Political Economy" by Albert C. Whitaker offers a thorough examination of the labor theory of value within English political economy. The text traces the theory's historical roots from classical economists like Adam Smith and David Ricardo to contemporary interpretations. Whitaker delves into the criticisms and debates surrounding the labor theory, presenting various perspectives and arguments from economists and scholars throughout history. Additionally, the book discusses the practical implications of the labor theory of value, particularly its influence on wages, prices, and economic policies. Written in a clear and concise manner, it is accessible to both students and scholars, making it a valuable resource for those interested in the labor theory of value and its importance in political economy. This work is a facsimile reprint of the original, which may contain imperfections such as library marks and notations. Recognizing its cultural significance, the reprint aims to preserve and promote this important literature in high-quality, modern editions that remain true to the original text.