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Cambridge Journal of Economics 26:371-380 (2002)
Copyright © 2002 Cambridge Political Economy Society

Notes and Comments

Interpreting Ricardo: a rejoinder to Peach

Heinz D. Kurz and Gary Mongiovi *

*University of Graz and St John's University, New York, respectively.

Address for correspondence: Professor G. Mongiovi, Economics and Finance Department, St John's University, Jamaica, NY 11439, USA; email: mongiovg{at}stjohns.edu

Abstract

This note answers Terry Peach's (1998) response to our criticisms of his interpretation of Ricardo. We show that the available evidence supports Sraffa's interpretation. The arguments put forward by Peach, far from undermining that interpretation or furthering an understanding of Ricardo's project, do little more than catalogue the already well-known difficulties that Ricardo encountered as he grappled toward a clearer account of the laws that regulate distribution and prices.

Key Words: Ricardo • Sraffa • Classical political economy


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