Morales Meoqui, Jorge (2012): On the distribution of authorship-merits for the comparative-advantage proposition.
Download (149kB) | Preview
Due to a better understanding of the logical interrelationships between the comparative- advantage proposition, the classical rule of specialization and the proposition regarding the non- appliance of the labor theory of value in international exchanges in Ricardo’s famous numerical example in the Principles, it is now possible to arrive to a definite conclusion regarding the longstanding academic debate about the true author of the comparative-advantage proposition. Torrens is not entitled to the same amount of merit as David Ricardo with regard to the comparative-advantage proposition since he fell short of formulating a full prove of it prior to the publication of Ricardo’s Principles. In the 1815 example of English cloth being traded for Polish corn, Torrens missed to apply the classical rule of specialization for Poland. For the featured international exchange to take place, though, there has to be gains from trade for both trading partners. More importantly, Torrens also failed to recognize the crucial role of Ricardo’s insight regarding the non-appliance of the law of value in international exchanges in proving the comparative-advantage proposition. Therefore, the bulk of the authorship-merit for this proposition rightly belongs to Ricardo.
|Item Type:||MPRA Paper|
|Original Title:||On the distribution of authorship-merits for the comparative-advantage proposition.|
|Keywords:||comparative advantage, David Ricardo, Robert Torrens, international trade theory, classical political economy, free trade|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: Individuals > B31 - Individuals
B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith)
F - International Economics > F1 - Trade > F10 - General
A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics ; Role of Economists ; Market for Economists
|Depositing User:||Jorge Morales Meoqui|
|Date Deposited:||12. Jan 2012 19:03|
|Last Modified:||15. Feb 2013 21:13|
Hollander, J. H. (1911). Ricardo and Torrens. The Economic Journal , 21, 455-468.
Hollander, S. (1979). The Economics of David Ricardo. London: Heinemann.
Kemp, M. C., & Okawa, M. (2006). The Torrens–Ricardo Principle of Comparative Advantage: an Extension. Review of International Economics , 14 (3), pp. 466–477.
Mill, J. (1826). Elements of Political Economy (3rd Edition ed.). London: Baldwin, Cradock and Joy.
Mill, J. S. (1963-1991). The Collected Works of John Stuart Mill. (J. M. Robson, Ed.) London: Routledge and Kegan Paul.
Morales Meoqui, J. (2011). Comparative Advantage and the Labor Theory of Value. History of Political Economy , 43 (4), 743-763.
Morales Meoqui, J. (2010). Smith’s and Ricardo’s common logic of trade. MPRA Working Paper No. 27143 .
Ricardo, D. (2004). The Works and Correspondence of David Ricardo. (P. Sraffa, Ed.) Indianapolis: Liberty Fund, Inc.
Robbins, L. (1958). Robert Torrens and the Evolution of Classical Economics. London: Macmillan.
Ruffin, R. J. (2002). David Ricardo's Discovery of the Comparative Advantage. History of Political Economy , 34 (4), 727-748.
Ruffin, R. J. (2005). Debunking a Myth: Torrens on Comparative Advantage. History of Political Economy , 37 (4), pp. 711-722.
Sraffa, P. (1930). An Alleged Correction of Ricardo. The Quarterly Journal of Economics , 44 (3), 539-544.
Torrens, R. (2000). Collected Works of Robert Torrens (Vols. I-VIII). (G. d. Vivo, Ed.) Bristol: Thoemmes Press.
Viner, J. (1937). Studies in the Theory of International Trade. London: Allen & Unwin.
Available Versions of this Item
- On the distribution of authorship-merits for the comparative-advantage proposition. (deposited 12. Jan 2012 19:03) [Currently Displayed]