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The Corn Model, Gluts and Surplus Value

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Author Info
Andrew Glyn

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Abstract

The 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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Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 194.

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Date of creation: 2004
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Handle: RePEc:oxf:wpaper:194

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Related research
Keywords: Ricardo; Malthus; Gluts; Exploitation;

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Find related papers by JEL classification:
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

References listed on IDEAS
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  1. Heinz D. Kurz, 2002. "Interpreting Ricardo: a rejoinder to Peach," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 371-380, May.
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This page was last updated on 2009-6-25.


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