Ricardo, Torrens, and Sraffa: a summing up

Ricardo, Torrens, and Sraffa: a summing up

This paper discusses the existence in Torrens's works of a corn-ratio theory of profits, the Ricardian origin of which is avowed by Torrens himself. This constitutes significant evidence in favour of Sraffa's reading of Ricardo's early theory of profits. Samuel Hollander's ‘rebut...

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Veröffentlicht in:Cambridge journal of economics 1996-05, Vol.20 (3), p.387-391
1. Verfasser: de Vivo, Giancarlo
Format: Artikel
Sprache:eng
Schlagworte:
Agriculture
Commodities
Corn
Corn prices
Economic theory
Grain trade
Manufacturing industries
NOTES AND COMMENTS
Paper profit
Profit
Profitability theory
Profits
Reasoning
Scholarly publishing
Studies
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Zusammenfassung:This paper discusses the existence in Torrens's works of a corn-ratio theory of profits, the Ricardian origin of which is avowed by Torrens himself. This constitutes significant evidence in favour of Sraffa's reading of Ricardo's early theory of profits. Samuel Hollander's ‘rebuttal’ of this evidence is also discussed, and found to be based on a seriously flawed reading of the relevant texts.
ISSN:0309-166X
1464-3545
DOI:10.1093/oxfordjournals.cje.a013622