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Say and Ricardo on value and distribution

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  • Christian Gehrke
  • Heinz Kurz

Abstract

The paper discusses the differences between the theories of value and distribution of Jean-Baptiste Say and David Ricardo. The attention focuses on fundamental issues in controversy between them. These are Say's confounding of 'value', 'riches' and 'utility', the theory of value, the problem of the measure of value, and the distinction between net and gross revenue; and the theory of income distribution, especially the explanation of rents and of profits. Since Say variously expressed his wish to learn from Ricardo and to absorb his doctrine, the aim of the paper is essentially to examine whether he made any progress in this regard. Whenever possible we let the authors speak for themselves.

Suggested Citation

  • Christian Gehrke & Heinz Kurz, 2001. "Say and Ricardo on value and distribution," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(4), pages 449-486.
    • Handle: RePEc:taf:eujhet:v:8:y:2001:i:4:p:449-486
    DOI: 10.1080/09672560110079494
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    References listed on IDEAS

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    1. Heinz D. Kurz & Neri Salvadori, 2001. "Classical Economics and the Problem of Exhaustible Resources," Metroeconomica, Wiley Blackwell, vol. 52(3), pages 282-296, August.
    2. Baumol, William J, 1977. "Say's (at Least) Eight Laws, or What Say and James Mill May Really Have Meant," Economica, London School of Economics and Political Science, vol. 44(174), pages 145-161, May.
    3. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676.
    4. Philippe Steiner, 1998. "The structure of Say's economic writings," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 5(2), pages 227-249.
    5. Alain Béraud & Gilbert Faccarello, 2000. "Nouvelle histoire de la pensée économique, tome 3," Post-Print halshs-00201476, HAL.
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    Cited by:

    1. Meacci, Ferdinando, 2010. "On Smith's ambiguities on value and wealth," MPRA Paper 28866, University Library of Munich, Germany.
    2. repec:clr:wugarc:y:2011:v:37i:1p:15 is not listed on IDEAS
    3. Heinz D. Kurz, 2015. "The Reception of David Ricardo in Continental Europe and Japan, edited by Gilbert Faccarello and Masashi Izumo," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 22(5), pages 918-922, October.
    4. Victor Bianchini & Nicolas Rieucau, 2014. "An Unpublished Letter from James Mill to Jean-Baptiste Say," Post-Print hal-01615078, HAL.
    5. Heinz D. Kurz, 2011. "Vom Fall und Wiederaufstieg einiger Ideen von Lord Keynes oder: Zum trostlosen Zustand einer "elenden Wissenschaft"," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 37(1), pages 15-36.

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