Robert Torrens’ Theory of Profit Reconsidered1

Taro Hisamatsu

History of Economics Review, 2009, vol. 49, issue 1, 1-14

Abstract: Two issues are addressed in this paper. First, I investigate Robert Torrens’ theory of profit and argue that it is dependent on prices. Second, I determine the extent to which Torrens was an advocate of the corn-ratio theory and, in this context, re-examine Giancarlo de Vivo’s claims that Torrens held such a theory. I argue that Torrens, for the sake of simplification, coincidentally made some formulations that are in conformity with a corn-ratio theory, but that he was not an advocate of this theory. I also conclude that Torrens’ statements of indebtedness to David Ricardo cannot be taken as definitive ‘further evidence’ in favour of Piero Sraffa’s famous interpretation of Ricardo’s early theory of profit.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/18386318.2009.11682138 (text/html)
Access to full text is restricted to subscribers.

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:taf:rherxx:v:49:y:2009:i:1:p:1-14

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rher20

DOI: 10.1080/18386318.2009.11682138

Access Statistics for this article

History of Economics Review is currently edited by John Harry Bloch and John Hawkins

More articles in History of Economics Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().