IDEAS home Printed from https://ideas.repec.org/a/euc/ancoec/v37y2009p261-285.html
   My bibliography  Save this article

A economia clássica contra os fatos ou Sismondi entre os ricardianos

Author

Listed:
  • Arthmar, Rogério

Abstract

This paper deals with the debate which opposed Sismondi and the Ricardian economists, in the first half of the nineteenth century, on the equilibrium of markets, the role of competition and the effects of machinery in industrial societies. At the initial section, the main content of Sismondi?s critical rhetoric toward the classical orthodoxy is reconstituted. After that, the replies of McCulloch and Colonel Torrens are detailed, specially their defense of free competition and the unlimited character of demand, as well as of the inroads of machinery in the productive process. The third part considers Sismondi?s rejoinder when he reinforces his theory of a general glut from a historical perspective of capitalism. In the end, and having in sight this particular controversy, a brief assessment of Ricardo?s legacy to political economy is made.

Suggested Citation

  • Arthmar, Rogério, 2009. "A economia clássica contra os fatos ou Sismondi entre os ricardianos," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 37, pages 1-25, August.
  • Handle: RePEc:euc:ancoec:v:37:y:2009:p:261-285
    as

    Download full text from publisher

    File URL: http://www.eco.unicamp.br/docdownload/publicacoes/instituto/revistas/economia-e-sociedade/V18-F2-S37/02%20Economia%20e%20Sociedade%2036%20Artigo%202.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Marvin Goodfriend & Robert King, 1997. "The New Neoclassical Synthesis and the Role of Monetary Policy," NBER Chapters,in: NBER Macroeconomics Annual 1997, Volume 12, pages 231-296 National Bureau of Economic Research, Inc.
    2. John B. Taylor, 2000. "Teaching Modern Macroeconomics at the Principles Level," American Economic Review, American Economic Association, vol. 90(2), pages 90-94, May.
    3. Alvaro Angeriz & Philip Arestis, 2006. "Has inflation targeting had any impact on inflation?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(4), pages 559-571.
    4. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    5. Marc Lavoie, 2006. "A Post-Keynesian Amendment To The New Consensus On Monetary Policy," Metroeconomica, Wiley Blackwell, vol. 57(2), pages 165-192, May.
    6. Martin Cerisola & Gaston Gelos, 2009. "What drives inflation expectations in Brazil? An empirical analysis," Applied Economics, Taylor & Francis Journals, vol. 41(10), pages 1215-1227.
    7. Allsop, Christopher & Vines, David, 2000. "The Assessment: Macroeconomic Policy," Oxford Review of Economic Policy, Oxford University Press, vol. 16(4), pages 1-32, Winter.
    8. Mark Setterfield, 2006. "Is inflation targeting compatible with Post Keynesian economics?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(4), pages 653-671.
    9. David H. Romer, 2000. "Keynesian Macroeconomics without the LM Curve," Journal of Economic Perspectives, American Economic Association, vol. 14(2), pages 149-169, Spring.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Sismondi; J. C. L. Simonde de (Jean Charles Leonard); 1773-1842; McCulloch; J. R. (John Ramsay); 178;

    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
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

    Statistics

    Access and download statistics

    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:euc:ancoec:v:37:y:2009:p:261-285. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonio Carlos Macedo e Silva). General contact details of provider: http://edirc.repec.org/data/ieuecbr.html .

    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.

    We have no references for this item. You can help adding them by using 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.