The corn model, gluts and surplus value
AbstractThe controversy over Ricardo's corn model has focused 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 use of a corn model table in attempting to justify his use of a labour commanded measure of value is analysed; it is shown that he calculates what Marx was to describe as surplus value from the physical conditions of production and the real wage. Copyright 2006, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Cambridge Journal of Economics.
Volume (Year): 30 (2006)
Issue (Month): 2 (March)
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Other versions of this item:
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Costabile, Lilia, 1983. "Natural Prices, Market Prices and Effective Demand in Malthus," Australian Economic Papers, Wiley Blackwell, vol. 22(4), pages 144-70, June.
- Terry Peach, 2002. "Interpreting Ricardo: a further reply to Sraffians," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 381-391, May.
- Heinz D. Kurz, 2002. "Interpreting Ricardo: a rejoinder to Peach," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 371-380, May.
- Meacci, Ferdinando, 2014. "Ricardo's and Malthus's common error in their conflicting theories of the value of labour," MPRA Paper 55948, University Library of Munich, Germany.
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