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On Ricardo and Cambridge


  • Geoff C. Harcourt

    (School of Economics, Australian School of Business, the University of New South Wales)

  • Peter Kriesler

    (School of Economics, Australian School of Business, the University of New South Wales)


David Ricardo’s key place in the history of economic thought is well established. However, both the understanding of his Principles of Political Economy and Taxation and its role in the development of economic analysis is much more controversial. Cambridge economists have contributed significantly to both of these issues. They have played an important part in two extremely divergent interpretations of Ricardo’s place in the development of economic thought. Understanding how Ricardo has been viewed in Cambridge does not result in homogeneity, but in a spectrum of interpretations. In this paper, we focus on the role of Ricardo’s Principles in the development of economics as seen by Cambridge economists.

Suggested Citation

  • Geoff C. Harcourt & Peter Kriesler, 2014. "On Ricardo and Cambridge," Discussion Papers 2014-04, School of Economics, The University of New South Wales.
  • Handle: RePEc:swe:wpaper:2014-04

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    References listed on IDEAS

    1. Kriesler, Peter, 1984. "On Dobb's Interpretation of Jevons on Ricardo," Cambridge Journal of Economics, Oxford University Press, vol. 8(4), pages 403-405, December.
    2. Robert M. Solow, 2000. "The neoclassical theory of growth and distribution," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 349-381.
    3. Pollitt, Brian H, 1988. "The Collaboration of Maurice Dobb in Sraffa's Edition of Ricardo," Cambridge Journal of Economics, Oxford University Press, vol. 12(1), pages 55-65, March.
    4. G. C. Harcourt, 1995. "Capitalism, Socialism and Post-Keynesianism," Books, Edward Elgar Publishing, number 206.
    5. Joan Robinson, 1967. "Growth And The Theory Of Distribution," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 38(1), pages 3-7, January.
    6. Bhaduri, Amit & Robinson, Joan, 1980. "Accumulation and Exploitation: An Analysis in the Tradition of Marx, Sraffa and Kalecki," Cambridge Journal of Economics, Oxford University Press, vol. 4(2), pages 103-115, June.
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    More about this item


    Ricardo; Cambridge School; History of economic thought; short period; long period;

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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