Producer choice and technical unemployment: John E. Tozer's mathematical model (1838)

Paola Tubaro

The European Journal of the History of Economic Thought, 2008, vol. 15, issue 3, 433-454

Abstract: The paper presents Tozer's study of the effects of the mechanization of productive activities on employment as an effort to devise a mathematical model, as an analytical method that would be more general and robust than Ricardo's numerical examples. The contradictory nature of this achievement is emphasized: while with the help of algebra Tozer made significant progress in model building in economics, it is argued that his contribution to a deeper understanding of the phenomenon under study is much less satisfactory, due to the difficulties he faced in his effort to incorporate consumption and demand into a classical analytical framework.

Keywords: J. E. Tozer; D. Ricardo; producer choice; machinery; technical unemployment; mathematical modeling (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1080/09672560802252313

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