Search results for " RICARDO"
showing 10 items of 13 documents
La cuestión del reconocimiento en América Latina. Perspectivas y problemas de la teoría político-social de Axel Honneth
2018
Recensione di Susumu Takenaga (ed) (2016). Ricardo and the Japanese Economic Thought. Selection of Ricardo studies in Japan during the interwar perio…
2017
Colonies
2015
The entry discusses David Ricardo's three main analytical arguments related to the colonial issue: i) colonies as a source of new fertile land and therefore as a viable solution to the problem of decreasing returns on domestic land; ii) colonies as possible outlet markets able to absorb domestic excess supply; and, finally, iii) the effects of trade restrictions between a colony and its mother country.
Defense versus Opulence? An Appraisal of the Malthus-Ricardo 1815 Controversy on the Corn Laws
2015
This article proposes a rational reconstruction of the arguments of Malthus and Ricardo in their 1815 essays, Grounds of an Opinion and An Essay on Profits, whereby a policy of free corn trade was repudiated and endorsed, respectively. Malthus envisaged defense and (trade-induced) opulence as two mutually alternative options and, if required to make a choice, he had no hesitation in choosing the former. By contrast, Ricardo excluded any such trade-off, arguing that even in the case of war or poor domestic harvest, foreign agricultural countries would be seriously damaged if they opted for restrictions on their corn exports to Great Britain.
How to pay for the war in times of imperfect commitment. Adam Smith and David Ricardo on the Sinking Fund
2014
AbstractThe paper proposes a comparative analysis of Smith's and Ricardo's views on the sinking fund. It shows that Smith and Ricardo agreed in stressing the ineffectiveness of the sinking fund as a policy instrument targeted at public debt repayment and tax-burden relief, pointing out that its actual workings had paradoxically helped to increase rather than reduce British total debt-load. Moreover, their explanation of the sinking fund paradox integrates a defective fiscal commitment technology with powerful politicians’ incentives to siphon off the money stored in the sinking fund to meet sudden increases of public expenditure whenever the occasion arose.
From stationary state to endogenous growth: International trade in the mathematical formulation of the Ricardian system
2015
In his 1814–15 correspondence with Malthus and in his Essay on Profits, Ricardo championed the free importation of wage goods as a highly effective growth-enhancing policy. In order to capture this aspect in the mathematical formulation of the Ricardian system first introduced by Pasinetti in 1960 in the context of a closed economy, we produce a variant of that model where the economy is a small open one. We show that this economy is characterised by endogenous growth since the growth rate is bounded from below and we locate two thresholds concerning the allocation of labour among the two sectors of the economy and the pattern of international trade.
From endogenous growth to stationary state: The world economy in the mathematical formulation of the Ricardian system
2016
AbstractWe analyse international trade in a Pasinetti–Ricardo growth model in the world economy scenario in which several small trading countries coexist and international commodity prices are determined by the interplay of supply and demand amongst them. We demonstrate that all the trading countries eventually reach the stationary state, though this process is not monotonic and the dynamics of capital and population may actually push some countries towards the stationary state and others away from it. We also use our model to assess an argument which Malthus employed in the second edition of An Essay on the Principle of Population (1803) to support a policy of agricultural protectionism.
The Popularization of Economics through the Biblioteca dell’Economista: analysing Amari’s translation of the High Prise of Bullion (1810) by D. Ricar…
2012
Between 1850 and 1868, the Sicilian economist Francesco Ferrara edited the first two series of the Biblioteca dell’Economista (BE). This is a collection of economic treatises that were translated from English, French and German into Italian by Ferrara and his assistants (among whom was the scholar Emerico Amari) to popularize the international economic science in the Italian peninsula. The paper deals with Amari’s translation of the High Price of Bullion (David Ricardo 1810) entitled Dell’alto prezzo dei metalli preziosi and published in BE II vol. VI (1857). An analysis of the lexical and stylistic differences between source and target text (Malmkjaer 2004) points out the translation strat…
Alumbrada experiencia de la vida: la poesía última de Ricardo Bellveser
2014
La poesía de Ricardo Bellveser es, hoy en día, una referencia entre los poetas «novísimos» y «postnovísimos », quienes marcaron la transición de la poética de la experiencia hacia nuevas formas de expresión de lo íntimo. Ciertamente, sus últimos libros publicados nos sirven para esclarecer las pautas de su evolución interna como poeta: desde la concentración de la experiencia reflexiva hasta la fragmentación del sujeto poético a través de la propia reflexión de la ruptura existencial. The Ricardo Bellveser’s poetry is, today, a reference among poets «novísimos» and «postnovísimos », who marked the transition of The poetic experience into new forms of expression of intimacy. Certainly his re…
Essay on Profits
2015
The entry discusses the 1815 Essay on Profits by David Ricardo. In particular, it focuses on Ricardo's analysis of Malthus's protectionist arguments and on Ricardo's criticism of the latter.