Classifier Instance:

Anchor text: David Ricardo
Target Entity: David_Ricardo
Preceding Context: It is arguable to what extent these classical theorists held the labour theory of value as it is commonly defined. For instance,
Succeeding Context: theorized that prices are determined by the amount of labour but found exceptions for which the labour theory could not account. In a letter, he wrote: "I am not satisfied with the explanation I have given of the principles which regulate value." theorized that the labour theory of value holds true only in the "early and rude state of society" but not in a modern economy where owners of capital are compensated by profit. As a result, "Smith ends up making little use of a labour theory of value."
Paragraph Title: null
Source Page: Labor theory of value

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