ABSTRACT

Classical political economy has a long tradition in Russia, starting in the early nineteenth century. Within classical political economy, Russian economists were not primarily interested in value theory. Ziber's theoretical legacy may be summed up in three principles. First, the economy should be studied from a social point of view. Second, the economist must take average and universal facts into account if he pretends to offer general laws. Third, the economic development of societies takes a deterministic evolutionary road. This chapter analyses Ziber's reading of the classical theory of value, with an emphasis on the Ricardo-Marx connection. It examines Ziber's particular interpretation of the classical labour theory of value, in relation to the costs of production theory. The chapter explains how Russian economists themselves depict the classical theory of value after Ziber or, in other words, how they read Ricardo after Marx.