| This question <22|22> overall <20|22> Communistcow: <575|102>. |
| Question 67: Why did Ricardo's discovery of the determination of value by labor attract the following critique: “Mr. Ricardo's system is one of discords ... its whole tends to the production of hostility among classes and nations ... His book is the true manual of the demagogue, who seeks power by means of agrarianism, war and plunder.” (H. C. Carey, The Past, the Present and the Future, Philadelphia 1848) |
| [21] Communistcow: Ricardo's discovery. Ricardo's discovery was harshly critiqued because value by labor is the basis for the bourgeois system. Essentially this breaks down class struggle by exposing the problem as a contradiction between the classes. I feel that Marx's discussion of exchange-value also critiques Ricardo. Marx examines the characteristics of labor and their use-value then comes to the conclusion that “if we then disregard the use-value of commodities, they have only one property left, that of being products of labor.” Ricardo does not recognize that labor can create exchange-value. |
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