The controversy over Ricardo`s corn model has focussed on the interpretation of his early writings. Here Ricardo`s later use of a corn model example in his dispute with Malthus over gluts is discussed. Malthus`s own extensive use of a corn model in attempting to justify his use of a labour...

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...

This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of credit or financial capital as past savings, finances...

This paper explores the implications on trade and wage inequality of introducing financial capital or credit in the standard Ricardian model of production, where a given amount of start-up credit is used to employ sector specific skilled and unskilled workers following the Wage Fund approach of...

This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of credit or financial capital as past savings, finances...

An einem fehlerhaften Beispiel wird aufgezeigt, dass ein Land nicht in jedem Produkt einem anderen Land komparativ überlegen sein kann. Absolute Kostenvorteile sind in allen Produkten möglich, doch auch das unproduktivere Land besitzt in der Regel mindestens einen komparativen Kostenvorteil...

An increase in the demand for agricultural goods leads to the use of more intensive cultivation methods. Though Ricardo sees no difficulties in the intensification process, their existence is revealed by the possible occurrence of multiple equilibria. A general theory of intensive rent is based...

According to Ricardo, land rent, in a capitalistic system of production, would consist of differential elements only, thus there would not be absolute rent. The present arti-cle is aimed at discussing this thesis by reconstructing the theoretical reasons leading Ricardo toward it and by showing...

El objetivo de este documento es presentar una descripción de la relación de Estado y Mercado en los autores clásicos. En general, hay un acuerdo en la importancia que tiene el mercado para el funcionamiento de la economía. Sin embargo, la metáfora de la mano invisible o del laissez-faire...

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...