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  3. Interpreting Ricardo
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    • Publisher:
      Cambridge University Press
      Publication date:
      03 February 2010
      26 March 1993
      ISBN:
      9780511559525
      9780521260862
      9780521119757
      DOI:
      https://doi.org/10.1017/CBO9780511559525
      Dimensions:
      (234 x 157 mm)
      Weight & Pages:
      0.612kg, 334 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.5kg, 336 Pages
      • Subjects:
      Economics, Economic Thought, Philosophy and Methodology
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    Subjects:
    Economics, Economic Thought, Philosophy and Methodology
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    Book description

    David Ricardo was the leading political economist of the early nineteenth century. This book presents a reconstruction of the substance and evolution of Ricardo's thought on the interrelated topics of value, distribution and accumulation. It also provides a detailed summary of, and critical commentary on, the vast secondary literature. The author rejects Sraffa's influential 'corn model' interpretation of Ricardo's early writings; the alleged similarity between the work of Ricardo and Sraffa; the Hollander and Hicks view of Ricardo's treatment of wages; and the neoclassical interpretation of Marshall and others. He also addresses the role of Ricardo's labour theory of value in his analysis, and Marx's interpretation of it. Dr Peach argues that Ricardo's work has been persistently, and sometimes wilfully, misinterpreted, and that this can be remedied only through an attempt to understand Ricardo's writings in his terms, taking account of his objectives.

    Reviews

    Review of the hardback:‘In this exhilarating book, Terry Peach brilliantly rehabilitates the orthodox view of ‘what Ricardo really meant’ but not without taking due notice of the one-quarter truth of the ‘new view’.’

    Mark Blaug Source: History of Economic Thought

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