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Retrieving "Classical School Of Economics" from the archives

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  1. Classical Theory

    Linked via "Classical School"

    Foundations of Value and Production
    The Classical School anchored its analysis in the Labor Theory of Value (LTV), arguing that the true, intrinsic value of a commodity is determined by the quantity of labor required for its production. This was not merely an accounting metric but a statement about the source of economic power.
    The $\text{OCC}$ and Profit Tendencies