The corn model, gluts and surplus value
Cambridge Journal of Economics, 2006, vol. 30, issue 2, 307-312
The controversy over Ricardo's corn model has focused 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 use of a corn model table 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 conditions of production and the real wage. Copyright 2006, Oxford University Press.
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Working Paper: The Corn Model, Gluts and Surplus Value (2004)
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