Search results for "Ricardian economics"

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Structural change in a Ricardian world economy: The role of extensive rent

2019

Abstract We study an implication of the Ricardian theory of differential extensive rent in a free trade regime. To this effect we develop a Ricardian two country two commodity open economy model. We assume that, unlike labour, land is heterogeneous both within and across countries and that the ratio of high to low quality land is different among the trading countries. By means of a numerical example we show that as the process of worldwide capital accumulation (and population growth) proceeds an industrial country may find it convenient to increase its domestic corn production and even reverse completely the pattern of its imports and exports.

Capital accumulation; Heckscher-Ohlin model; International trade; Ricardian economics; Structural change; Economics and EconometricsEconomics and EconometricsCapital accumulation International trade Structural change Ricardian economics Heckscher-Ohlin modelHeckscher-Ohlin model0211 other engineering and technologies02 engineering and technologyMonetary economicsHeckscher–Ohlin modelInternational tradeWorld economyCapital accumulation0502 economics and businessEconomicsStructural changePopulation growthOpen economy021108 energy050207 economicsSettore SECS-P/01 - Economia PoliticaFree trade05 social sciencesRicardian economicsRicardian economicsCapital accumulationSettore SECS-P/04 - Storia Del Pensiero EconomicoCommodity (Marxism)
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Jevons on the Ricardian Theory of Distribution. An Interpretation

2004

The paper reconstructs Jevons' strategy of interpretation of Ricardian economics in the light of some hermeneutic categories. Jevons' basic goal appears to be a critical assessment of the net scientific content of Classical economics. He envisages a three steps exegetical strategy: first he points out the scientific standards all economic theories should conform to and elaborates his new economic theory in compliance with these standards; then he scrutinizes the corpus of received economic doctrines in the light of his theory and, finally, he passes his sentence. Jevons' belief that truth in economics is one prevents him to recognize that what he calls scientific errors may actually be theo…

marginalism laws of value Ricardian economics
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