Proportionality of prices and labour values
Dmitriev next turned to the investigation of relative prices, which in his framework are given by:
or
where
Dmitriev confirmed Ricardo’s finding that relative prices are propor
tional to relative labour values in two special cases only: the first, when the series of dated quantities of labour are linearly dependent pairwise, that is, when the commodities exhibit “identical organic composition”; and the second when the rate of profits is zero.