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In order to extend the theory of value and the trade-off property to economic systems with lands, Ricardo reduced their … study to that of productive systems without lands by considering the marginal agricultural methods. Sraffa generalised the …
Persistent link: https://www.econbiz.de/10010896333
of land or a mine, which was indeed the way in which rent was treated in bargaining between landowner and tenant. The … paper revives this view of rent, proceeding from its historical basis through Smith’s analysis to arrive at Sraffa …The classical economists usually regarded rent in their analyses as a share of the gross product obtained from the use …
Persistent link: https://www.econbiz.de/10011259126
allows us to point at two limits of Ricardo's construction, first in his attempt to get rid of rent in the analysis of … criterion is at the basis of Sraffa's mistake in his reconstruction of the theory of rent, whereas post-Sraffian formalizations … agriculture are determined by means of a rule which has never been stated explicitly by Ricardo's commentators. But the rule also …
Persistent link: https://www.econbiz.de/10010896304
We study the economic mechanism which sustains the substitution of a marginal method for another when demand increases, in the presence of scarce resources. In those Ricardian dynamics, it is shown that the outgoing method is determined by the quantity side of the problem, the incoming method by...
Persistent link: https://www.econbiz.de/10010593346
equilibria. A general theory of intensive rent is based on a formal parallel with single-product systems without land. …An increase in the demand for agricultural goods leads to the use of more intensive cultivation methods. Though Ricardo …
Persistent link: https://www.econbiz.de/10005404304
Within the rich literature that has flowed from Sraffa’s framework of Production of Commodities by means of Commodities …
Persistent link: https://www.econbiz.de/10011107626
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 how they have been overcome by the more solid foundations which …
Persistent link: https://www.econbiz.de/10005003910
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
satisfies a productivity condition which is expressed in algebraic terms. A parallel is drawn between Ricardo's views on …
Persistent link: https://www.econbiz.de/10009143624
One of the foundations of the labour theory of value used by Ricardo in the Principles is that rent does not enter into … cultivated land pays rent, the last dose of capital employed on the land does not and no rent is therefore involved in the price … rent paid on land of the worst quality under cultivation enters into the agricultural product price and so, even in the …
Persistent link: https://www.econbiz.de/10008534270