On Ricardo and Cambridge

34 Pages Posted: 17 Feb 2014  

G.C. Harcourt

UNSW Australia Business School, School of Economics

Peter Kriesler

UNSW Australia Business School, School of Economics

Date Written: January 30, 2014

Abstract

David Ricardo’s key place in the history of economic thought is well established. However, both the understanding of his Principles of Political Economy and Taxation and its role in the development of economic analysis is much more controversial. Cambridge economists have contributed significantly to both of these issues. They have played an important part in two extremely divergent interpretations of Ricardo’s place in the development of economic thought. Understanding how Ricardo has been viewed in Cambridge does not result in homogeneity, but in a spectrum of interpretations. In this paper, we focus on the role of Ricardo’s Principles in the development of economics as seen by Cambridge economists.

Keywords: Ricardo, Cambridge School, History of economic thought, short period, long period

JEL Classification: B12, B20, B41, E10

Suggested Citation

Harcourt, G.C. and Kriesler, Peter, On Ricardo and Cambridge (January 30, 2014). UNSW Australian School of Business Research Paper No. 2014-04. Available at SSRN: https://ssrn.com/abstract=2393691 or http://dx.doi.org/10.2139/ssrn.2393691

G.C. Harcourt

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

Peter Kriesler (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

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