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Copyright © Cambridge Political Economy Society

other

Ricardo, Torrens, and Sraffa: a summing up

Giancarlo de Vivo*

*Università di Napoli Italy

Abstract

This paper discusses the existence in Torrens's works of a corn-ratio theory of profits, the Ricardian origin of which is avowed by Torrens himself. This constitutes significant evidence in favour of Sraffa's reading of Ricardo's early theory of profits. Samuel Hollander's ‘rebuttal’ of this evidence is also discussed, and found to be based on a seriously flawed reading of the relevant texts.

Manuscript received October 9, 1995; final version received December 4, 1995.


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