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The Corn Model, Gluts and Surplus Value.

Abstract:
The controversy over Ricardo’s corn model has focussed 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 extensive use of a corn model 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 vale from the physical conductions of production and the real wage.

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Volume:
194
Series:
Discussion paper series
Publication date:
2004-01-01
URN:
uuid:dcee829e-1013-4f16-b78b-f06df34e20d5
Local pid:
oai:economics.ouls.ox.ac.uk:13336

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