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Ricardo's Economics : A General Equilibrium Theory of Distribution and Growth - Michio Morishima

Ricardo's Economics

A General Equilibrium Theory of Distribution and Growth

Paperback Published: 24th December 1990
ISBN: 9780521396882
Number Of Pages: 264

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Together with Marx's Economics and Walras' Economics this book completes a sequence by Professor Morishima on the first generation of scientific economists. The author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economics without the symbols and formulae. Morishima then translates Ricardo's economics into mathematical language to find a general equilibrium system concealed within. The analysis contradicts the conventional view that marginalism emerged in opposition to classical economics, showing instead that Ricardian analysis is firmly based on marginalist principles, using prices, wages, and profits rather than labor values. The book ends with a discussion of the historical character of economic theory and an attempt to specify the epoch of Ricardian economics.

Industry Reviews

"...thought-provoking...Morishima challenges the conventional representations of the Ricardian system, but from a highly mathematical angle...His multi-sector model of an agricultural economy with different grades of land is a useful corrective to the simple agricultural production functions which have been used till now." Andrea Maneschi, History of Political Economy

Prefacep. vii
Introductionp. 1
Prices and rent
Prices and the Ricardian marginalismp. 17
Differential rentp. 36
Wages and profits
Wages, profits and general equilibriump. 59
The equal rate of profit and exploitationp. 81
Ricardian growthp. 103
International tradep. 126
Say's law
Say's law of marketsp. 149
Machineryp. 168
Three paradigms compared
Towards an anti-Say's law regimep. 189
Ricardo, Walras and Keynesp. 209
The epoch of Ricardo's economicsp. 233
Indexp. 252
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780521396882
ISBN-10: 0521396883
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 264
Published: 24th December 1990
Country of Publication: GB
Dimensions (cm): 21.62 x 13.95  x 1.58
Weight (kg): 0.29

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