[OPE-L] Labour theory of value and trade

From: Dave Zachariah (davez@KTH.SE)
Date: Sun Jan 27 2008 - 06:33:09 EST

on 2008-01-27 00:49 Paul Cockshott wrote:
> surely Adam Smith gave the outline of how one applies the labour theory
> of value to foreign trade -- imports are valued at the labour in the exports necessary to purchase them.

Do list members know of any article or book that develops this theory?

This seems to be the initial state of segregated economies, but when
they become integrated by the free flow of labour and commodities, the
same mechanism that operates within a country will begin to operate
between countries.

Anwar Shaikh has some good papers on a Classical/Marxian theory of
international trade on his website:

//Dave Z

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