IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-04141289.html
   My bibliography  Save this paper

The Ricardian rent theory two centuries after

Author

Listed:
  • Christian Bidard

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

We propose to re-read Ricardo's theory of rent and its modern versions. Ricardo's dynamic approach follows the transformations of a long-term equilibrium with demand. Sraffa adopted the same framework while substituting a value criterion for a physical criterion to determine the incoming marginal method, but he did not state the law of succession of methods explicitly. This prevented him to realize that his critique opens the door to all complications of capital the ory, with the consequence that the Ricardian dynamics fail when a divergence appears between profitability and productivity. Contemporary studies have cast doubts on the validity of some of Ricardo's and Sraffa's over-optimistic conclusions, but the abandonment of the dynamic approach does not allow them to explain the ultimate reason of the phenomena they have pointed at. Ricardo's method has been recently rediscovered by mathematicians.

Suggested Citation

  • Christian Bidard, 2014. "The Ricardian rent theory two centuries after," Working Papers hal-04141289, HAL.
    • Handle: RePEc:hal:wpaper:hal-04141289
    Note: View the original document on HAL open archive server: https://hal.science/hal-04141289
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04141289/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian Bidard & Guido Erreygers, 1998. "The number and type of long-term equilibria," Journal of Economics, Springer, vol. 67(2), pages 181-205, June.
    2. C. E. Lemke, 1965. "Bimatrix Equilibrium Points and Mathematical Programming," Management Science, INFORMS, vol. 11(7), pages 681-689, May.
    3. M. Seetharama Gowda & Jong-Shi Pang, 1992. "On Solution Stability of the Linear Complementarity Problem," Mathematics of Operations Research, INFORMS, vol. 17(1), pages 77-83, February.
    4. Dierker, Egbert, 1972. "Two Remarks on the Number of Equilibria of an Economy," Econometrica, Econometric Society, vol. 40(5), pages 951-953, September.
    5. Christian Bidard, 2010. "The dynamics of intensive cultivation," Cambridge Journal of Economics, Oxford University Press, vol. 34(6), pages 1097-1104.
    6. Steedman, Ian, 1982. "Joint Production and the Wage-Rent Frontier," Economic Journal, Royal Economic Society, vol. 92(366), pages 377-385, June.
    7. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720.
    8. Salvadori, Neri, 1986. "Land and Choice of Techniques within the Sraffa Framework," Australian Economic Papers, Wiley Blackwell, vol. 25(46), pages 94-105, June.
    9. Montet, C, 1979. "Reswitching and Primary Input Use: A Comment," Economic Journal, Royal Economic Society, vol. 89(355), pages 642-647, September.
    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. Christian Bidard, 2014. "The Wage Curve in Austrian Models," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    2. Christian Bidard, 2014. "The Ricardian rent theory two centuries after," EconomiX Working Papers 2014-54, University of Paris Nanterre, EconomiX.
    3. Bidard, Christian, 2014. "The Ricardian rent theory: an overview," Centro Sraffa Working Papers CSWP8, Centro di Ricerche e Documentazione "Piero Sraffa".
    4. Christian Bidard, 2012. "The Frail Grounds of the Ricardian Dynamics," EconomiX Working Papers 2012-43, University of Paris Nanterre, EconomiX.
    5. Christian Bidard, 2012. "The Ricardo-Lemke parametric algorithm on oddity and uniqueness," EconomiX Working Papers 2012-41, University of Paris Nanterre, EconomiX.
    6. Christian Bidard, 2012. "Ricardo And Lemke," EconomiX Working Papers 2012-48, University of Paris Nanterre, EconomiX.
    7. Christian Bidard, 2015. "An oddity property for cross-dual games," Working Papers hal-04141427, HAL.
    8. Christian Bidard, 2012. "The Frail Grounds of the Ricardian Dynamics," Working Papers hal-04141039, HAL.
    9. Christian Bidard, 2012. "The Ricardo-Lemke parametric algorithm on oddity and uniqueness," Working Papers hal-04141043, HAL.
    10. Christian Bidard, 2012. "Ricardo And Lemke," Working Papers hal-04141029, HAL.
    11. Christian Bidard, 2011. "The Ricardian Dynamics Revisited," Working Papers hal-04140981, HAL.
    12. S. R. Mohan, 1997. "Degeneracy Subgraph of the Lemke Complementary Pivot Algorithm and Anticycling Rule," Journal of Optimization Theory and Applications, Springer, vol. 94(2), pages 409-423, August.
    13. van der Laan, G. & Talman, A.J.J. & Yang, Z.F., 2005. "Computing Integral Solutions of Complementarity Problems," Other publications TiSEM b8e0c74e-2219-4ab0-99a2-0, Tilburg University, School of Economics and Management.
    14. Christian Bidard, 2015. "An oddity property for cross-dual games," EconomiX Working Papers 2015-4, University of Paris Nanterre, EconomiX.
    15. Hanna Sumita & Naonori Kakimura & Kazuhisa Makino, 2015. "The Linear Complementarity Problems with a Few Variables per Constraint," Mathematics of Operations Research, INFORMS, vol. 40(4), pages 1015-1026, October.
    16. Eraslan, Hülya & McLennan, Andrew, 2013. "Uniqueness of stationary equilibrium payoffs in coalitional bargaining," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2195-2222.
    17. van der Laan, G. & Talman, A.J.J. & Yang, Z.F., 2005. "Solving Discrete Zero Point Problems with Vector Labeling," Other publications TiSEM 9bd940ee-3fe6-4201-aede-7, Tilburg University, School of Economics and Management.
    18. M. Seetharama Gowda, 2019. "Weighted LCPs and interior point systems for copositive linear transformations on Euclidean Jordan algebras," Journal of Global Optimization, Springer, vol. 74(2), pages 285-295, June.
    19. Prasenjit Mondal, 2018. "Completely mixed strategies for single controller unichain semi-Markov games with undiscounted payoffs," Operational Research, Springer, vol. 18(2), pages 451-468, July.
    20. Senlai Zhu & Jie Ma & Tianpei Tang & Quan Shi, 2020. "A Combined Modal and Route Choice Behavioral Complementarity Equilibrium Model with Users of Vehicles and Electric Bicycles," IJERPH, MDPI, vol. 17(10), pages 1-18, May.

    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:hal:wpaper:hal-04141289. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.