Historians of economic thought who try to connect Ricardo's method with a philosophy generally focus on associationism and pay no attention to Dugald Stewart's influence. In point of fact, Ricardo's method can be connected with Stewart's teaching through his connection with James Mill and...

Due to a better understanding of the logical interrelationships between the comparative- advantage proposition, the classical rule of specialization and the proposition regarding the non- appliance of the labor theory of value in international exchanges in Ricardo’s famous numerical example in...

With the famous numerical example of chapter 7 of the Principles David Ricardo intended to illustrate first and foremost the new proposition that his labor theory of value does not regulate the price of international transactions when the factors of production are immobile between countries....

The theory of comparative advantage is widely misunderstood to demonstrate the universal superiority of free trade. In fact, the theory depends upon a number of key assumptions and fails if they are relaxed. Empirically, many of these assumptions are highly questionable, if not demonstrably...

The contribution by Professor Hollander (2000) discusses Marx's influence on Sraffa's thought. While enquiries into this matter certainly have a historical and biographical interest, the paper steps beyond this kind of interest. In fact, in this article, Professor Hollander maintains that this...

The well-known enduring controversy on the interpretation of Ricardo's wage theory, and by implication on classical wage theory, has undoubtedly been fuelled by the existence of some inconsistencies in Ricardo's writings. However, as far as the factors affecting normal wages are concerned, these...

The paper identifies as the root of the recent controversy in the theory of capital David Ricardo's finding that competitive prices and costs of production depend not only on the methods of production employed, but also on the wage rate (or rate of profits) and change with it. A consequence of...