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On Ricardo’s Multilayered Method: Wage Taxation and Foreign Subsidies Considered

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  • Wakamatsu, Naoyuki

Abstract

This paper uses Ricardo’s work on taxation to exemplify his methodological approach of proceeding from abstract theory to practical theory and its correspondence with various facts. Ricardo’s method has been often considered abstract, based on his use of “strong cases.” However, Depoortère (2008) showed that Ricardo emphasized the relationship between theory and experience, and suggested that Ricardo’s method involved an approach leading from abstract theory to particular fact. This paper aims to further Depoortère’s conclusions, and to emphasize the multilayered nature of Ricardo’s method. While Ricardo’s method was based on “strong cases,” he made his arguments by incorporating disturbing factors into his strong cases appropriately according to circumstance.

Suggested Citation

  • Wakamatsu, Naoyuki, 2020. "On Ricardo’s Multilayered Method: Wage Taxation and Foreign Subsidies Considered," MPRA Paper 103531, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:103531
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    References listed on IDEAS

    as
    1. Sergio Cremaschi & Marcelo Dascal, 1996. "Malthus and Ricardo on Economic Methodology," History of Political Economy, Duke University Press, vol. 28(3), pages 475-511, Fall.
    2. Morgan,Mary S., 2012. "The World in the Model," Cambridge Books, Cambridge University Press, number 9781107002975.
    3. Morgan,Mary S., 2012. "The World in the Model," Cambridge Books, Cambridge University Press, number 9780521176194.
    4. Dome, Takuo, 1992. "Ricardo's Theory of Tax Incidence: A Sraffian Re-interpretation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 16(1), pages 43-53, March.
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    More about this item

    Keywords

    David Ricardo; methodology; foreign subsidy; wage taxation;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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