IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/103183.html
   My bibliography  Save this paper

The Non-Ricardian Stationary State in Chapter 17 of the Principles of Political Economy and Taxation

Author

Listed:
  • Wakamatsu, Naoyuki

Abstract

This paper explains the non-Ricardian stationary state (NRSS) and the tax incidence in such a state concretely. In the NRSS, the corn becomes monopoly price, and the rent upon scarcity is caused into the price. In this regard, Hollander (1979) considered that Ricardo emphasized the rent upon scarcity in addition to the differential rent. However, Hollander derived the interpretation based on Buchanan’s words, rather than Ricardo’s. On the contrary, we attempt to derive the interpretation from Ricardo’s words in Chapter 17 of the Principles. We show that Hollander’s interpretation is more inherent in Ricardo himself.

Suggested Citation

  • Wakamatsu, Naoyuki, 2020. "The Non-Ricardian Stationary State in Chapter 17 of the Principles of Political Economy and Taxation," MPRA Paper 103183, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:103183
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/103183/1/MPRA_paper_103183.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Luigi L. Pasinetti, 1960. "A Mathematical Formulation of the Ricardian System," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 27(2), pages 78-98.
    2. John Hicks & Samuel Hollander, 1977. "Mr. Ricardo and the Moderns," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(3), pages 351-369.
    3. Eagly, Robert V, 1983. "Tax Incidence in Ricardian Analysis," Public Finance = Finances publiques, , vol. 38(2), pages 217-231.
    4. Dome, Takuo, 1992. "Ricardo's Theory of Tax Incidence: A Sraffian Re-interpretation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 16(1), pages 43-53, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Takashi Uchiyama, 2000. "Ricardo on machinery: a dynamic analysis," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(2), pages 208-227.
    2. Bellino, Enrico & Nerozzi, Sebastiano, 2013. "Causality and interdependence in Pasinetti's works and in the modern classical approach," MPRA Paper 52179, University Library of Munich, Germany.
    3. Azam, Jean-Paul, 2023. "Was Lucifer a Gambler? A Rational-Choice Hermeneutic of Peter Olivi’s Treatise on Demons," TSE Working Papers 23-1483, Toulouse School of Economics (TSE).
    4. Heinz D. Kurz, 2011. "The Contributions of Two Eminent Japanese Scholars to the Development of Economic Theory: Michio Morishima and Takashi Negishi," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 13, Edward Elgar Publishing.
    5. Cavalieri, Duccio, 2015. "Structural interdependence in monetary economics: theoretical assessment and policy implications," MPRA Paper 65526, University Library of Munich, Germany.
    6. R. Monk, 1990. "Ricardo's Views on Technological Unemployment: the Truth?," Economics Discussion / Working Papers 90-18, The University of Western Australia, Department of Economics.
    7. Freni, Giuseppe & Salvadori, Neri, 2016. "Ricardo on Machinery: A Textual Analysis," MPRA Paper 73427, University Library of Munich, Germany.
    8. Jonathan F. Cogliano & Roberto Veneziani, 2023. "Classical Competition and Equilibrium: An Agent-Based Analysis," Working Papers 977, Queen Mary University of London, School of Economics and Finance.
    9. Nazim Kadri Ekinci, 2009. "Consumption And Growth From A Ricardian Perspective," Metroeconomica, Wiley Blackwell, vol. 60(4), pages 638-659, November.
    10. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    11. Andrea Maneschi, 2008. "How Would David Ricardo Have Taught the Principle of Comparative Advantage?," Southern Economic Journal, John Wiley & Sons, vol. 74(4), pages 1167-1176, April.
    12. Zhang Wei-Bin, 2016. "Gold And Land Prices With Capital Accumulation In An Economy With Industrial And Agricultural Sectors," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 16-29, April.
    13. Sugata Marjit & Noritsugu Nakanishi, 2023. "The wage fund theory and gains from trade in a dynamic Ricardian model," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(4), pages 879-897, December.
    14. Giuseppe Freni, 1994. "The Complex Dynamics Of The Simple Ricardian System: A Note," Metroeconomica, Wiley Blackwell, vol. 45(1), pages 89-95, February.
    15. Olivier Rosell, 2013. "L’apport de Robert TORRENS à la théorie Ricardienne du salaire naturel," Working Papers hal-04141164, HAL.
    16. Francisco L. Lopes, 2006. "The Ricardo puzzle," Textos para discussão 526, Department of Economics PUC-Rio (Brazil).
    17. Wei-Bin Zhang, 2013. "A Synthesis Of The Uzawa-Lucas Model With The Walrasian-General-Equilibrium And Neoclassical-Growth Theories," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 58(199), pages 7-38, October -.
    18. Freni, Giuseppe & Salvadori, Neri & Signorino, Rodolfo, 2019. "Structural change in a Ricardian world economy: The role of extensive rent," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 277-282.
    19. Trevor Barnes, 1984. "Theories of Agricultural Rent within the Surplus Approach," International Regional Science Review, , vol. 9(2), pages 125-140, November.
    20. Neri Salvadori & Rodolfo Signorino, 2017. "From endogenous growth to stationary state: The world economy in the mathematical formulation of the Ricardian system," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 24(3), pages 507-527, May.

    More about this item

    Keywords

    David Ricardo; stationary state; rent; monopoly price; tax;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:103183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.