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economists, see the classical theory of prices as determined from three givens:
# The level of outputs at the level of Smith's "effectual demand",
# technology, and
# wages.From these givens, one can rigorously derive a theory of value. But neither Ricardo nor Marx, the most rigorous investigators of the theory of value during the Classical period, developed this theory fully. Those who reconstruct the theory of value in this manner see the determinants of natural prices as being explained by the classical economists from within

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