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The Frail Grounds of the Ricardian Dynamics

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  • Christian Bidard

Abstract

The Ricardian dynamics study the evolution of distribution when demand increases. The successive marginal methods in agriculture are determined by means of a rule which has never been stated explicitly by Ricardo's commentators. But the rule also allows us to point at two limits of Ricardo's construction, first in his attempt to get rid of rent in the analysis of distribution, second in the working of the dynamics themselves. Similarly, the identification of a productivity and a profitability criterion is at the basis of Sraffa's mistake in his reconstruction of the theory of rent, whereas post-Sraffian formalizations have abandoned Ricardo's dynamic approach.

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Bibliographic Info

Paper provided by University of Paris West - Nanterre la Défense, EconomiX in its series EconomiX Working Papers with number 2012-43.

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Length: 15 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:drm:wpaper:2012-43

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Keywords: Rent; Ricardian dynamics; Ricardo; Sraffa;

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  1. Christian Bidard, 2008. "The Dynamics of Intensive Cultivation," EconomiX Working Papers, University of Paris West - Nanterre la Défense, EconomiX 2008-24, University of Paris West - Nanterre la Défense, EconomiX.
  2. C. E. Lemke, 1965. "Bimatrix Equilibrium Points and Mathematical Programming," Management Science, INFORMS, INFORMS, vol. 11(7), pages 681-689, May.
  3. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
  4. Salvadori, Neri, 1986. "Land and Choice of Techniques within the Sraffa Framework," Australian Economic Papers, Wiley Blackwell, Wiley Blackwell, vol. 25(46), pages 94-105, June.
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Cited by:
  1. Christian Bidard, 2012. "The Ricardo-Lemke parametric algorithm on oddity and uniqueness," EconomiX Working Papers, University of Paris West - Nanterre la Défense, EconomiX 2012-41, University of Paris West - Nanterre la Défense, EconomiX.
  2. Christian Bidard, 2012. "Ricardo And Lemke," EconomiX Working Papers, University of Paris West - Nanterre la Défense, EconomiX 2012-48, University of Paris West - Nanterre la Défense, EconomiX.

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