On the Endogeneity of the Margin and Related Issues in Ricardian Economics

Samuel Hollander

Journal of the History of Economic Thought, 1991, vol. 13, issue 2, 159-174

Abstract: As Kenneth Arrow has pointed out in a recent paper, “David Ricardo was a peaceful man” (Arrow 1991, p. 70). Indeed he was—during his lifetime. I am not so sure he is resting peacefully given the further assertion that his system was “a bold attempt to determine values independent of demand considerations” (ibid., p. 75). Arrow adds, byway of qualification, that he does “not think, as some neo-Ricardians seem to, that there was in any sense an intended repudiation of the demand schedule”; rather Ricardo did not conceive of such a schedule even though “some of [his] analysis can only be made sensible on the basis of such a concept.”

Date: 1991
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jhisec:v:13:y:1991:i:02:p:159-174_00

Access Statistics for this article

More articles in Journal of the History of Economic Thought from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().