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The Corn Model, Gluts and Surplus Value

  • Andrew Glyn

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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File URL: http://www.economics.ox.ac.uk/materials/working_papers/paper194.pdf
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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: 01 Jun 2004
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Handle: RePEc:oxf:wpaper:194
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Web page: http://www.economics.ox.ac.uk/
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  1. Costabile, Lilia, 1983. "Natural Prices, Market Prices and Effective Demand in Malthus," Australian Economic Papers, Wiley Blackwell, vol. 22(4), pages 144-70, June.
  2. Heinz D. Kurz, 2002. "Interpreting Ricardo: a rejoinder to Peach," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 371-380, May.
  3. Terry Peach, 2002. "Interpreting Ricardo: a further reply to Sraffians," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 381-391, May.
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