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: http://homepage.newschool.edu/~AShaikh/index.html. //Dave Z
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