IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2022i55p177-191.html
   My bibliography  Save this article

Proto-marginalist approach in Russia: Yuli Zhukovsky's interpretation of Ricardo

Author

Listed:
  • Galeev, A.

    (Centre for the History and Methodology of Economic Science HSE University, Moscow, Russia)

Abstract

The paper focuses on the interpretation of David Ricardo's theory of value and distribution suggested by Yuli Zhukovsky, a 19th century Russian economist. In his interpretation, Zhukovsky introduced a two-factor production model characterized by decreasing marginal productivity as well as supply-and-demand price mechanism. Zhukovsky's interpretation of Ricardo was an attempt to deliver a more rigorous approach to the agrarian issue - the hot topic that marked the public debates in Russia after the abolition of serfdom in 1861. Zhukovsky, an early critic of Marx, outlined a different path in the reception of the classical approach in Russia that preceded later developments in mathematical economics. The paper introduces Zhukovsky's interpretation as a case of proto-marginalist analysis. It also demonstrates that Zhukovsky treated the mathematical apparatus as an instrument for the practical application of political economy to the issue of economic development.

Suggested Citation

  • Galeev, A., 2022. "Proto-marginalist approach in Russia: Yuli Zhukovsky's interpretation of Ricardo," Journal of the New Economic Association, New Economic Association, vol. 55(3), pages 177-191.
    • Handle: RePEc:nea:journl:y:2022:i:55:p:177-191
    DOI: 10.31737/2221-2264-2022-55-3-9
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2022-55-177-191r.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31737/2221-2264-2022-55-3-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lawrence Birken, 1988. "From Macroeconomics to Microeconomics: The Marginalist Revolution in Sociocultural Perspective," History of Political Economy, Duke University Press, vol. 20(2), pages 251-264, Summer.
    2. James L. Cochrane, 1970. "The First Mathematical Ricardian Model," History of Political Economy, Duke University Press, vol. 2(2), pages 419-431, Fall.
    3. L. D. Shirokorad., 2018. "Nikolay Sieber in the history of prerevolutionary Russian economic thought," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
    4. Avtonomov, V., 2017. "Constant or Variable Rationality As an Assumption of Economic Theory," Journal of the New Economic Association, New Economic Association, vol. 33(1), pages 142-146.
    5. Vladimir S. Avtonomov, 2021. "West–Russia–West: Early cases of interaction in economic thought," Russian Journal of Economics, ARPHA Platform, vol. 7(1), pages 9-18, March.
    6. Vladimir S. Avtonomov, 2021. "West–Russia–West: The circulation of economic ideas," Russian Journal of Economics, ARPHA Platform, vol. 7(1), pages 1-8, March.
    7. Mark Blaug, 1972. "Was There a Marginal Revolution?," History of Political Economy, Duke University Press, vol. 4(2), pages 269-280, Fall.
    8. Matthew Smith, 2017. "Some Notes On The Reception Of Ricardo'S Principles In The Non-English-Speaking World," Contributions to Political Economy, Oxford University Press, vol. 36(1), pages 43-60.
    9. Michael McLure, 2004. "Interpreting the History of Economics," Economics Discussion / Working Papers 04-09, The University of Western Australia, Department of Economics.
    10. Robert B. Ekelund Jr & Robert F. Hébert, 2002. "Retrospectives: The Origins of Neoclassical Microeconomics," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 197-215, Summer.
    11. Mirowski, Philip, 1984. "Physics and the 'Marginalist Revolution.'," Cambridge Journal of Economics, Oxford University Press, vol. 8(4), pages 361-379, December.
    12. François Allisson & Federico D’Onofrio & Danila E. Raskov & Leonid D. Shirokorad, 2020. "Marxism before Marxism: Nikolaj Sieber and the birth of Russian social-democracy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 27(2), pages 298-323, March.
    13. Philip Mirowski, 1991. "The When, the How and the Why of Mathematical Expression in the History of Economic Analysis," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 145-157, Winter.
    14. T. W. Hutchison, 1972. "The “Marginal Revolution” Decline and Fall of English Political Economy," History of Political Economy, Duke University Press, vol. 4(2), pages 442-468, Fall.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Poitras, Geoffrey, 2018. "The pre-history of econophysics and the history of economics: Boltzmann versus the marginalists," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 507(C), pages 89-98.
    2. Victor I. Espinosa & William Hongsong Wang & Jesús Huerta de Soto, 2022. "Principles of Nudging and Boosting: Steering or Empowering Decision-Making for Behavioral Development Economics," Sustainability, MDPI, vol. 14(4), pages 1-18, February.
    3. Adem LEVENT, 2016. "Power, Market and Techno-Structure in John Kenneth Galbraith’s Thought," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 214-218, June.
    4. Drakopoulos, Stavros A., 2014. "Mainstream Aversion to Economic Methodology and the Scientific Ideal of Physics," MPRA Paper 57222, University Library of Munich, Germany.
    5. Stavros A. DRAKOPOULOS, 2016. "Economic crisis, economic methodology and the scientific ideal of physics," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 10(1), pages 28-57, November.
    6. van 't Klooster, Jens & Assistant, JHET, 2020. "Marginalism and Scope in the Early Methodenstreit," OSF Preprints aq2bz, Center for Open Science.
    7. Christos Makriyannis, 2023. "How the Biophysical Paradigm Impedes the Scientific Advancement of Ecological Economics: A Transdisciplinary Analysis," Sustainability, MDPI, vol. 15(23), pages 1-24, November.
    8. Drakopoulos, S. A., 1997. "Origins and Development of the Trend Toward Value-Free Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 19(2), pages 286-300, October.
    9. Poinsot, Philippe, 2016. "Jules Dupuit And The Railroads: What Is The Role Of The State?," Journal of the History of Economic Thought, Cambridge University Press, vol. 38(2), pages 189-209, June.
    10. Kombarov, Sayan, 2021. "Action in Economics: Mathematical Derivation of Laws of Economics from the Principle of Least Action in Physics," MPRA Paper 112474, University Library of Munich, Germany.
    11. Laurent Linnemer, 2022. "Doubling Back on Double Marginalization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 61(1), pages 1-19, August.
    12. Ravi Kanbur, 2016. "The End of Laissez-Faire, the End of History, and the Structure of Scientific Revolutions," Challenge, Taylor & Francis Journals, vol. 59(1), pages 35-46, January.
    13. Daniel Sutter, 2009. "The Market, the Firm, and the Economics Profession," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(5), pages 1041-1061, November.
    14. Dagsvik, John K., 2018. "Invariance axioms and functional form restrictions in structural models," Mathematical Social Sciences, Elsevier, vol. 91(C), pages 85-95.
    15. Hausmann, Péter, 2007. "Thorstein Veblen és az evolúciós közgazdaságtan - egy új emberkép megalapozásának kísérlete. 150 éve született Thorstein Veblen [Thorstein Veblen and evolutionary economics - an experiment in estab," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1012-1024.
    16. Lina Isabel Brand Correa, 2014. "Resena: The economic growth engine. How energy and work drive material prosperity, de Robert U. Ayres y Benjamin Warr. Cheltenham, Uk: Edward Elgar, 2009," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.
    17. Michael McLure, 2005. "Pareto on the History of Economic Thought as an Aspect of Experimental Economics," Economics Discussion / Working Papers 05-22, The University of Western Australia, Department of Economics.
    18. André Lapidus, 1996. "Introduction à une "Histoire de la Pensée Economique" qui ne verra jamais le jour," Revue Économique, Programme National Persée, vol. 47(4), pages 867-892.
    19. Shu-Heng Chen & Sai-Ping Li, 2011. "Econophysics: Bridges over a Turbulent Current," Papers 1107.5373, arXiv.org.
    20. Mario Arturo Ruiz Estrada & Su-Fei Yap & Noor Azina Binti Ismail, 2017. "Revisiting the Phillips Curve: Visualization from a Multidimensional Graphical Perspective," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 11(1), March.

    More about this item

    Keywords

    Russian economic thought; proto-marginalism; David Ricardo; Yuli Zhukovsky;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2022:i:55:p:177-191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.