Chapter

From Ricardo to Mill

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Second edition

Published in print May 2005 | ISBN: 9780199279142
Published online October 2005 | e-ISBN: 9780191602887 | DOI: http://dx.doi.org/10.1093/0199279144.003.0004
From Ricardo to Mill

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Deals with the consolidation of Smithian orthodoxy in the age of Ricardo, Malthus, and J. S. Mill. The Ricardian theories of rent and of the decreasing returns are utilized to explain the contrast with Malthus on the corn laws. Some emphasis is given to the English monetary theories of H. Thorton and J. S. Mill. Finally, the rise of the German Historical School is put into perspective.

Keywords: Cournot's duopoly; Historical School; income distribution; profits and wages; Restriction Act; value; labour theory of; wages fund

Chapter.  20598 words.  Illustrated.

Subjects: History of Economic Thought

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