The Corn Model, Gluts and Surplus Value.
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...
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| Formáid: | Working paper |
| Foilsithe / Cruthaithe: |
Department of Economics (University of Oxford)
2004
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| Achoimre: | 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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