抄録
A task of this paper is to make clear a logical construction of David Ricardo's Pure Labour Theory of Value (LTV) which is formed under the condition that the capital structures are identical among production sectors.
For this task, defining the basic formulation of the LTV, this paper first states that the theory is derived from a formulation that is defined by arranging Ricardo's arguments of value and price, and, second, the paper claims that the theory is formed by modeling a process of formation of a uniform rate of profit through capital transfers between production sectors. The paper makes clear that the more essential assumptions for the formation of the LTV are the formation of a uniform rate of profit among production sectors and the definition of the technical conditions of production in the sector producing money-good.
The logic of the LTV establishes the principle that profits are determined as Surplus out of products, that in the logic of the LTV a level of general or uniform rate of profit is determined by the conditions of production in the sector producing money-good as a main factor, and that the LTV is formed on certain assumptions whether demand and supply are equal or not in each production sector. In these implications the LTV is one basic style of real cost theory for the determination of prices.
