David Ricardo: on the art of "elucidating economic principles" in the face of a "labyrinth of difficulties"

Heinz Kurz

The European Journal of the History of Economic Thought, 2015, vol. 22, issue 5, 818-851

Abstract: The paper discusses David Ricardo's analytical achievements. These concern his approach to the theory of value and distribution; his analysis of the effects of different forms of technical progress on income distribution; his analysis of exhaustible resources in terms of differential rent; his discussion of machinery and induced technical progress; and his theory of foreign trade and the principle of comparative advantage. It is argued that Ricardo's analysis has been frequently misrepresented and is a great deal more sophisticated than is commonly acknowledged. There are still ideas in his writings that have yet to be fully explored.

Date: 2015
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Citations: View citations in EconPapers (3)

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DOI: 10.1080/09672567.2015.1074713

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