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Ricardo on Agricultural Improvements: a Note

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  • Christian Gehrke
  • Heinz D. Kurz
  • Neri Salvadori

Abstract

This note discusses the numerical examples of land saving and capital saving agricultural improvements Ricardo provided in the chapter on the rent of land in the Principles. Especially his illustration of the second kind of improvements met with fierce criticism. It is argued that Ricardo was not wrong in any substantive sense and that he could only be criticized for having changed the definition of rent as regards the timing of its payment from post to ante factum.

Suggested Citation

  • Christian Gehrke & Heinz D. Kurz & Neri Salvadori, 2003. "Ricardo on Agricultural Improvements: a Note," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(3), pages 291-296, August.
    • Handle: RePEc:bla:scotjp:v:50:y:2003:i:3:p:291-296
    DOI: 10.1111/1467-9485.5003002
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    References listed on IDEAS

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    1. Harry G. Johnson, 1948. "An Error in Ricardo's Exposition of his Theory of Rent," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 62(5), pages 792-793.
    2. Paul A. Samuelson, 1977. "Correcting the Ricardo Error Spotted in Harry Johnson's Maiden Paper," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(4), pages 519-530.
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    Cited by:

    1. Kurz, Heinz D., 2018. "Stigler on Ricardo," Centro Sraffa Working Papers CSWP27, Centro di Ricerche e Documentazione "Piero Sraffa".

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