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David Ricardo's Contribution to the Constitution of the Canon of Ricardian Economics: A Reconsideration of 1970's Interpretations of the 1815 Debate

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  • André Lapidus

    (PHARE - Pôle d'Histoire de l'Analyse et des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - UPN - Université Paris Nanterre)

  • Nathalie Sigot

    (PHARE - Pôle d'Histoire de l'Analyse et des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - UPN - Université Paris Nanterre)

Abstract

This paper reconsiders the debate over the nature of Ricardian economics, chiefly based on the interpretation of Ricardo's Essay on Profits, that raged during the 1970's. This debate opposed a Sraffian view, in the line of Sraffa's 1951 well known Introduction to Ricardo, and a non-Sraffian interpretation, which emerged from Hollander's 1973 article. It is argued that whereas the Sraffa-Eatwell interpretation stresses Ricardian objectivity and comparative statics, Hollander's interpretation stresses Ricardian rhetoric and dynamics. Therefore, both interpretations have too little in common to give rise to an actual debate likely, at least in principle, to give rise to a solution.

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  • André Lapidus & Nathalie Sigot, 2001. "David Ricardo's Contribution to the Constitution of the Canon of Ricardian Economics: A Reconsideration of 1970's Interpretations of the 1815 Debate," Post-Print hal-00344895, HAL.
    • Handle: RePEc:hal:journl:hal-00344895
    Note: View the original document on HAL open archive server: https://paris1.hal.science/hal-00344895
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    References listed on IDEAS

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    1. Nicholas Kaldor, 1955. "Alternative Theories of Distribution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(2), pages 83-100.
    2. Eatwell, John L, 1975. "The Interpretation of Ricardo's Essay on Profits," Economica, London School of Economics and Political Science, vol. 42(166), pages 182-187, May.
    3. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720.
    4. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676.
    5. Hollander, Samuel, 1973. "Ricardo's Analysis of the Profit Rate, 1813-15," Economica, London School of Economics and Political Science, vol. 40(159), pages 260-282, August.
    6. Joan Robinson, 1961. "Prelude To A Critique Of Economic Theory," Oxford Economic Papers, Oxford University Press, vol. 13(1), pages 53-58.
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