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Tozer on machinery

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  • Christian Gehrke

Abstract

This paper examines John Edward Tozer's mathematical treatment of the classical approach to the machinery problem and his discussion of some arithmetical examples that had been presented by Barton, Sismondi, McCulloch and Ricardo. It is shown that Tozer (1) made a genuine contribution to the contemporary debates on the machinery issue, (2) anticipated modern formulations of the problem of the choice of technique, and (3) revealed a puzzling inconsistency in Ricardo's argument in the famous chapter 'On Machinery'.

Suggested Citation

  • Christian Gehrke, 2000. "Tozer on machinery," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 485-506.
    • Handle: RePEc:taf:eujhet:v:7:y:2000:i:4:p:485-506
    DOI: 10.1080/09672560050210089
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    References listed on IDEAS

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    1. Henderson, James P, 1985. "The Whewell Group of Mathematical Economists," The Manchester School of Economic & Social Studies, University of Manchester, vol. 53(4), pages 404-431, December.
    2. Rashid, Salim, 1977. "William Whewell and Early Mathematical Economics," The Manchester School of Economic & Social Studies, University of Manchester, vol. 45(4), pages 381-391, December.
    3. Heinz D. Kurz & Neri Salvadori (ed.), 1998. "The Elgar Companion to Classical Economics," Books, Edward Elgar Publishing, volume 0, number 851.
    4. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, December.
    5. Campanelli, Giuliana, 1982. "W. Whewell's Contribution to Economic Analysis: The First Mathematical Formulation of Fixed Capital in Ricardo's System," The Manchester School of Economic & Social Studies, University of Manchester, vol. 50(3), pages 248-265, September.
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