research article
A Mathematical Formulation of the Ricardian System
Abstract
In this article, L.L. Pasinetti describes David Ricardo’s complete economic system in a rigorous and concise form. He eliminates ambiguities and shows that the Ricardian system is very neat and even suitable for a mathematical formulation, with all the well-known advantages of conciseness, rigour and clarity. To avoid digressions, and lengthy references, the difficulties Ricardo faced and the basic features of his theories are briefly reviewed. The Italian version: "Una formulazione matematica del sistema ricardiano" is published in: Sviluppo economico e distribuzione del reddito, Bologna: Il Mulino, 1977, pp.9-42- info:eu-repo/semantics/article
- The theory of value
- Theory of distribution
- Theory of economic growth
- The natural equilibrium in a two commodities system
- Characteristics of the Ricardian system
- Market solutions and the attainment of natural equilibrium
- The equilibrium of the stationary state
- Multi-commodity production
- Settore SECS-P/01 - ECONOMIA POLITICA
- Settore SECS-P/02 - politica economica
- Settore SECS-S/06 - METODI MATEMATICI DELL'ECONOMIA E DELLE SCIENZE ATTUARIALI E FINANZIARIE
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This paper was published in PubliCatt.
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