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The corn model, gluts and surplus value

  • Andrew Glyn

The controversy over Ricardo's corn model has focused 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 use of a corn model table 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 conditions of production and the real wage. Copyright 2006, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/cje/bei053
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Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

Volume (Year): 30 (2006)
Issue (Month): 2 (March)
Pages: 307-312

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Handle: RePEc:oup:cambje:v:30:y:2006:i:2:p:307-312
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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.
  2. Terry Peach, 2002. "Interpreting Ricardo: a further reply to Sraffians," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 381-391, May.
  3. 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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