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.
General
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