Ricardo’s Big Idea, and Its Vicissitudes INET Edinburgh Comparative Advantage Panel https://www.icloud.com/keynote/0QMFGpAUFCjqhdfLULfDbLE4g Ricardo believes in labor value prices because capital flows to put people to work wherever those things can be made with the fewest workers. This poses a problem for Ricardo: The LTV tells him that capitalist production should take place according to absolute … Continue reading Ricardo’s Big Idea, and Its Vicissitudes