Comment on “Sraffa and the Labour Theory of Value: a note” - Reply to William Jefferies

Abstract

ABSTRACT This is a reply to the criticisms raised by William Jefferies (Jefferies, 2020) to my article “Sraffa and the Labour Theory of Value: a note” (Araujo, 2019). In Jefferies (2020) the author has given great emphasis to the question of physical commensurability between input and output in Sraffa’s price model.

Keywords

• Labour-value
• price
• commensurability
• standard commodity