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Cambridge Journal of Economics Advance Access originally published online on June 6, 2005
Cambridge Journal of Economics 2006 30(2):307-312; doi:10.1093/cje/bei053
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© The Author 2005. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Notes and Comments

The corn model, gluts and surplus value

Andrew Glyn*

* Department of Economics, Oxford of University

Address for correspondence: Department of Economics, Manor Road, Oxford OX1 3UQ, UK; email: andrew.glyn{at}ccc.ox.ac.uk

Abstract

The controversy over Ricardo's corn model has focused on the interpretation of his early writings. Here, Ricardo's later use of a corn model example in his dispute with Malthus over gluts is discussed. Malthus's own use of a corn model table in attempting to justify his use of a labour commanded measure of value is analysed; it is shown that he calculates what Marx was to describe as surplus value from the physical conditions of production and the real wage.

Key Words: Ricardo • Malthus • Gluts • Exploitation

JEL classifications: B12 B14

Manuscript received June 7, 2004; final version received August 16, 2004.


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