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A economia clássica contra os fatos ou Sismondi entre os ricardianos

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  • Arthmar, Rogério

Abstract

This paper deals with the debate which opposed Sismondi and the Ricardian economists, in the first half of the nineteenth century, on the equilibrium of markets, the role of competition and the effects of machinery in industrial societies. At the initial section, the main content of Sismondi?s critical rhetoric toward the classical orthodoxy is reconstituted. After that, the replies of McCulloch and Colonel Torrens are detailed, specially their defense of free competition and the unlimited character of demand, as well as of the inroads of machinery in the productive process. The third part considers Sismondi?s rejoinder when he reinforces his theory of a general glut from a historical perspective of capitalism. In the end, and having in sight this particular controversy, a brief assessment of Ricardo?s legacy to political economy is made.

Suggested Citation

  • Arthmar, Rogério, 2009. "A economia clássica contra os fatos ou Sismondi entre os ricardianos," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 37, pages 1-25, August.
    • Handle: RePEc:euc:ancoec:v:37:y:2009:p:261-285
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    Keywords

    Sismondi; J. C. L. Simonde de (Jean Charles Leonard); 1773-1842; McCulloch; J. R. (John Ramsay); 178;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

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