Economists have very often worked with the assumption of an unlimited supply of labour. But the contexts in which the assumption has been used are not the same, and it should be perhaps made clear that they are not. There are at least four str..
Marx’s wage theory is formally very much the same as Ricardo’s, although its implications are fundamentally different. Value of labour -p power is equated, by definition, to the value of the means of subsistence necessary for the m..