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Corn Models in the Classical Tradition: P. Sraffa Considered Historically

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  • Skourtos, M

Abstract

This paper deals with the historical plausibility and analytical validity of what has come to be termed the corn model. The ongoing debate is firstly reviewed. It is suggested that a definite answer should be based on the logic of the material-produce comparisons. Although these do not lead invariably to a sound application of the corn model neither do they constitute per se a sign of classicism. However, it is shown that before and after Ricardo, corn models of various sorts and logical stringency were developed in order to cope with the problem of (1) the determination of the rate of profit in the only basic sector of the economy, agriculture, independent of any valuation and (2) its primacy over the overall economy. Copyright 1991 by Oxford University Press.

Suggested Citation

  • Skourtos, M, 1991. "Corn Models in the Classical Tradition: P. Sraffa Considered Historically," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 15(2), pages 215-228, June.
    • Handle: RePEc:oup:cambje:v:15:y:1991:i:2:p:215-28
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    Cited by:

    1. Arrigo Opocher, 2005. "FORMALIZING WIESER's THEORY OF DISTRIBUTION: CONSISTENT IMPUTATION IN ALTERNATIVE THEORETICAL PERSPECTIVES," Metroeconomica, Wiley Blackwell, vol. 56(2), pages 200-220, May.
    2. Bertram Schefold, 2019. "The transformation of values into prices on the basis of random systems revisited," Evolutionary and Institutional Economics Review, Springer, vol. 16(2), pages 261-302, December.

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