Abstract
In this article, L.L. Pasinetti describes David Ricardo’s complete economic system in a rigorous and concise form. He eliminates ambiguities and shows that the Ricardian system is very neat and even suitable for a mathematical formulation, with all the well-known advantages of conciseness, rigour and clarity. To avoid digressions, and lengthy references, the difficulties Ricardo faced and the basic features of his theories are briefly reviewed. The Italian version: "Una formulazione matematica del sistema ricardiano" is published in: Sviluppo economico e distribuzione del reddito, Bologna: Il Mulino, 1977, pp.9-42.
| Lingua originale | English |
|---|---|
| pagine (da-a) | 78-98 |
| Numero di pagine | 21 |
| Rivista | Review of Economic Studies |
| Volume | 27 |
| DOI | |
| Stato di pubblicazione | Pubblicato - 1960 |
Keywords
- Characteristics of the Ricardian system
- Market solutions and the attainment of natural equilibrium
- Multi-commodity production
- The equilibrium of the stationary state
- The natural equilibrium in a two commodities system
- The theory of value
- Theory of distribution
- Theory of economic growth
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