200 Years of Ricardian Theory: The Missing Dynamics

Author(s):  
Esteban Rossi-Hansberg
Keyword(s):  
De Economist ◽  
1992 ◽  
Vol 140 (2) ◽  
pp. 204-232 ◽  
Author(s):  
Hendrik P. van Dalen

1983 ◽  
Vol 2 (1) ◽  
pp. 49-77 ◽  
Author(s):  
KRISHNA BHARADWAJ
Keyword(s):  

2000 ◽  
Vol 8 (2) ◽  
pp. 221-234 ◽  
Author(s):  
Stephen S. Golub ◽  
Chang‐Tai Hsieh

1952 ◽  
Vol 60 (3) ◽  
pp. 187-207 ◽  
Author(s):  
George J. Stigler

2021 ◽  
pp. 131-150
Author(s):  
Juan Ramón Rallo Julián

The marginalist and subjectivist revolution led by Carl Menger during the second half of the nineteenth century turned Economics into a science. However, classical value theory did not completely fade away and it has been trying continiously to replace subjetivist theory. The most serious and exhaustive attempt to recover classical value theory in its Ricardian version was the one developed by the italian economist Piero Sraffa. This article seeks to rebut the neo-Ricardian theory of value, while vindicating the Austrian theory of value, even inside the constrains of the former. Key words: Piero Sraffa, Neo-Ricardianism, Value Theory, Subjetivism, Mar-ginalism, Labor Theory. JEL Classification: B24, B51, D46, E43. Resumen: La revolución marginalista y subjetivista liderada por Carl Menger durante la segunda mitad del s. XIX sentó las bases para que la economía pudiera considerarse realmente una ciencia. Sin embargo, la teoría clásica del valor nunca terminó de desaparecer de la escena y en sus muy diversas manifestaciones siguió intentando sobreponerse a la teoría subjetivista. El intento más serio y exhaustivo de resucitar la teoría clásica del valor en su versión ricardiana fue la del economista italiano Piero Sraffa. En este artí-culo se pretende refutar la teoría neorricardiana y reivindicar, incluso dentro de los presupuestos de esta última, la teoría austriaca del valor. Palabras clave: Piero Sraffa, Neorricardianismo, Teoría del Valor, Subjetivismo, Marginalismo, Valor Trabajo. Clasificación JEL: B24, B51, D46, E43.


2020 ◽  
Vol 18 (3) ◽  
pp. 125-139
Author(s):  
Alexander N. Dubyansky

The article deals with the Ricardian theory of rent as interpreted by one of the first Russian Marxists, Nikolai Sieber. Sieber made great efforts to popularize Marxʼs ideas in Russia. He believed it was his mission to make complex theoretical constructions of Marxism simpler and more understandable for the majority of readers. Sieber began his way to Marxism with the study and translation of the writings on classical political economy by D. Ricardo. Furthermore, Sieber’s texts focus on a wide range of opinions on land rent presented in the works of Russian and foreign economists of the XIX–XX centuries. This article also pays considerable attention to the political aspects of rent, which are perhaps crucial to the issue of rent. This is due to the fact that rent has been and remains an important tool for the redistribution of national income and, therefore, is an element of the political structure. Ricardian theory of rent came into being during the debate over high bread duties in England and was, in fact, an instrument of struggle against landowners who received rental super profits because of high grain prices. Subsequently, this theory was considered as a tool of struggle against the industrial bourgeoisie, which caused its fierce criticism from the apologists of the bourgeoisie.


1970 ◽  
Vol 10 (4) ◽  
pp. 503-505
Author(s):  
Falih Al-Shaikhly

Jan Pen attempted to deal with the basic questions and institutions of international trade. His main objective was to find out whether trade between countries is a matter of common interest or of conflict. His answer depends on the local situation of each country, i.e., whether they are enjoying full employ¬ment and prosperity, or unemployment and depression. The book is divided into three parts. Part one deals with the concepts and philosophy of international trade viewed by the mercantilists and the class¬ical economists, especially Adam Smith and David Ricardo. This part also covers further development and modification of the Ricardian theory of compara¬tive cost, which states that the value of a commodity is solely determined by the amount of labour needed to produce it. There are some developments made on the Ricardian analysis, and specifically those by Haberler and Heckscher-Ohlin philosophy. Professor Pen points up that the Ricardian theory and the Heck¬scher-Ohlin theory supplement one another; Heckscher-Ohlin theory takes the demand aspect into account — the relative scarcity of labour and capital results from the interaction of supply and demand; the Ricardian approach stresses the supply side. Professor Jan Pen does not go further to state the modifications to the Heckscher-Ohlin theory made by Professor Leontief and others in recent studies in the area of international economics.


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