The Corn Model, Gluts and Surplus Value
AbstractThe controversy over Ricardo`s corn model has focussed 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 extensive use of a corn model 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 conductions of production and the real wage.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 194.
Date of creation: 01 Jun 2004
Date of revision:
Ricardo; Malthus; Gluts; Exploitation;
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
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- 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.
- Costabile, Lilia, 1983. "Natural Prices, Market Prices and Effective Demand in Malthus," Australian Economic Papers, Wiley Blackwell, vol. 22(4), pages 144-70, June.
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