Keynes did not equate value directly with price. Instead, he argued that market prices are the result of a complex interplay of factors—including demand, consumer expectations, capital investment, and uncertainty—rather than being intrinsically determined by the amount of labour embodied in commodities. While labour still contributes to production costs, Keynes emphasized that subjective factors and market dynamics play essential roles in shaping prices, making the relationship between value and price far more fluid and context-dependent in modern economies.