Anwar Shaikh on Value and Price in Smith, Ricardo, Marx
Channel: webm thread #225
Date: 2017-02-09

From https://www.youtube.com/watch?v=4AGDS-KO72o
See also: https://en.wikipedia.org/wiki/Transformation_problem#Simplest_case:_labor_costs_only
https://critiqueofcrisistheory.wordpress.com/responses-to-readers-austrian-economics-versus-marxism/value-theory-the-transformation-problem-and-crisis-theory/

00:55 Simple commodity production
08:29 Fundamental equation of price