 Ricardian Comparative Advantage and the Perils of the Stationary StateAndrea Maneschi Chapter 4 in The Dynamics of the Wealth of Nations, 1993, pp 124-146 from Palgrave Macmillan Abstract: Abstract Professor Luigi Pasinetti’s ‘A Mathematical Formulation of the Ricardian System’ has justly earned him a lasting reputation among scholars of Ricardian economics, and remains one of the contributions for which he is best known to the profession at large (Pasinetti, 1960). It inspired many of the subsequent attempts to capture the essential features of the system of thought of Ricardo and other classical economists in mathematical form. Pasinetti’s model is couched in explicitly dynamic form and establishes the existence, uniqueness and stability of the stationary-state equilibrium solution obtained. As Professor Pasinetti acknowledges in his paper, his two-sector model can be reduced to the one-sector one in terms of corn developed by Nicholas Kaldor a few years before (Kaldor, 1955–6). However, in contrast to Kaldor’s primarily graphical exposition, Pasinetti’s model is not only presented with full mathematical rigour, but has the advantage of being cast in terms of two sectors, with a further generalization to many nonwage goods. Keywords: Home Country; Wage Rate; Comparative Advantage; Foreign Country; Gold Sector (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22728-0_5 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-22728-0_5 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.