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Schumpeter’s remarks on Ricardo’s criticisms of Smith’s system of thought (1954, p.472) can be further articulated by … have dealt with Ricardo’s or Smith’s systems of thought in recent years. Among these recent authors are Peach (1993, 2008 … of Ricardo’s criticisms of Smith’s argument but will reach for the analytical foundations both of these criticisms and of …
Persistent link: https://www.econbiz.de/10009025263
The analysis here aims to explain Smith’s and Condorcet’s ideas about public education, stemming from their common …
Persistent link: https://www.econbiz.de/10008833456
The paper proposes a rational reconstruction of the arguments developed by Malthus and Ricardo in their 1815 essays … choosing the former. By contrast, Ricardo excluded any alternative between defence and opulence: trade does note give a …
Persistent link: https://www.econbiz.de/10011107718
This paper presents an alternative to both Sraffa’s and his critics’ interpretations of the nature of Ricardo’s search … for an ‘invariable measure of value’. It points out that Ricardo recognised two causes of change in the relative values of … characterised the first change as the real change and the second change as only an apparent change. The article argues that Ricardo …
Persistent link: https://www.econbiz.de/10008833452
This paper discusses the relation between law and contingency in the formation of value. It begins from a much-ignored assertion of Marx, repeated throughout his works, that the equality of supply and demand is contingent and their non-equality constitutes their law. This highly complex and...
Persistent link: https://www.econbiz.de/10005789658
The “machinery question” was developed by the economist David Ricardo (1772–1823) in the chapter “On Machinery” added … entertained by the labouring class, that the employment of machinery is frequently detrimental to their interests”. Ricardo … Ricardo’s argument and in subsequent interpretations. …
Persistent link: https://www.econbiz.de/10008561134
That Malthus was guilty of egregious error in his claim to have established the labor-commanded magnitude as an "invariable" unit of value is well-known. Even his modern biographer could appeal only to a "kink or a crotchet, some kind of cerebral block" to excuse Malthus's persistent failure to...
Persistent link: https://www.econbiz.de/10005150901
When we take seriously Smiths's oft-expressed admiration for the "beauty of a systematical arrangement of different observations connected by a few common principles" (WN, V.i.f.25) and seek those"connecting principles" within his own system of thought, his "positive index of welfare" loses its...
Persistent link: https://www.econbiz.de/10005835362
While there can be no disputing Smith's clear intent to employ his labor-commanded unit as a medium of value measure …
Persistent link: https://www.econbiz.de/10005835382
the genesis of the works of Ricardo are dealt with. The building blocks of his theory are Malthus’ law of population and … three classes of society (landowners, tenants, agricultural workers). His vision is - like that of Adam Smith - a self …-adjusting model of the economy. Getting at first rid of rent, his intention was to show that - in contrast to Smith - a decrease of …
Persistent link: https://www.econbiz.de/10005022086