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Ricardo's economics: a general equilibrium theory of distribution and growth

Morishima, Michio (1989) Ricardo's economics: a general equilibrium theory of distribution and growth. Cambridge University Press, Cambridge, UK. ISBN 9780521396882

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Together with Marx's Economics and Walras' Economics this book completes a sequence by Professor Morishima on the first generation of scientific economists. The author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economics without the symbols and formulae. Morishima then translates Ricardo's economics into mathematical language to find a general equilibrium system concealed within. The analysis contradicts the conventional view that marginalism emerged in opposition to classical economics, showing instead that Ricardian analysis is firmly based on marginalist principles, using prices, wages, and profits rather than labor values. The book ends with a discussion of the historical character of economic theory and an attempt to specify the epoch of Ricardian economics.

Item Type: Book
Official URL:
Additional Information: © 1989 Cambridge University Press
Divisions: Economics
Subjects: H Social Sciences > HB Economic Theory
Q Science > QA Mathematics
JEL classification: B - Schools of Economic Thought and Methodology > B2 - History of Economic Thought since 1925 > B23 - History of Economic Thought: Econometrics; Quantitative and Mathematical Studies
B - Schools of Economic Thought and Methodology > B3 - History of Thought: Individuals > B31 - Individuals
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods and Programming > C68 - Computable General Equilibrium Models
Date Deposited: 16 Nov 2011 11:03
Last Modified: 16 May 2024 12:37

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