The Corn Model, Gluts and Surplus Value

Andrew John Glyn

No 194, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: The controversy over Ricardo`s corn model has focussed on the interpretation of his early writings. Here Ricardo`s later use of a corn model example in his dispute with Malthus over gluts is discussed. Malthus`s own extensive use of a corn model in attempting to justify his use of a labour commanded measure of value is analysed; it is shown that he calculates what Marx was to describe as surplus value from the physical conductions of production and the real wage.

Keywords: Ricardo; Malthus; Gluts; Exploitation (search for similar items in EconPapers)
JEL-codes: B12 B14 (search for similar items in EconPapers)
Date: 2004
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Journal Article: The corn model, gluts and surplus value (2006)
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