The “machinery question” was developed by the economist David Ricardo (1772–1823) in the chapter “On Machinery” added to the third edition of his Principles of Political Economy and Taxation (1821). This question related, in his words, to the “influence of machinery on the interests of the different classes of society” and particularly to the “opinion entertained by the labouring class, that the employment of machinery is frequently detrimental to their interests”. Ricardo’s argument was presented as a recantation of his “previous opinion” on this question and marks the beginning of a debate that is still going on. The purpose of this entry is to simplify this debate by highlighting some weaknesses and strengths of Ricardo’s argument and in subsequent interpretations.
|Date of creation:||2008|
|Publication status:||Published in International Encyclopedia of the Social Sciences 2.4(2008): pp. 536-538|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maital, Shlomo & Haswell, Patricia, 1977. "Why Did Ricardo (Not) Change His Mind? On Money and Machinery," Economica, London School of Economics and Political Science, vol. 44(176), pages 359-368, November.
- Hayek, F A, 1969. "Three Elucidations of the Ricardo Effect," Journal of Political Economy, University of Chicago Press, vol. 77(2), pages 274-285, March/Apr.
- Samuelson, Paul A, 1988. "Mathematical Vindication of Ricardo on Machinery," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 274-282, April.
- Meacci, Ferdinando, 1998. "Further Reflections on the Machinery Question," Contributions to Political Economy, Oxford University Press, vol. 17(0), pages 21-37.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:11696. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.