ABSTRACT
This is a reply to the criticisms raised by William Jefferies (Jefferies, 2020Jefferies, William (2020) “Comment on Sraffa and the Labour Theory of Value - a note”. Brazilian Journal of Political Economy , (to be published with the Reply from Fabio …)) to my article “Sraffa and the Labour Theory of Value: a note” (Araujo, 2019de Araujo, Fabio Anderaos (2019) “Sraffa and the Labour Theory of Value: a note”. Brazilian Journal of Political Economy, 39 (4) (157): 614-637.). In Jefferies (2020)Jefferies, William (2020) “Comment on Sraffa and the Labour Theory of Value - a note”. Brazilian Journal of Political Economy , (to be published with the Reply from Fabio …) 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