Morishima on Ricardo: two replies

Abstract

Although Ricardo does not use the concept ‘general equilibrium’, his model may be described in terms of several sectors forming a consistent system. We can find many similarities in formulations and conclusions between his and Walras' economics, despite the fact that historians of economic thought generally tend to reject such a portrait of Ricardo. This paper is mainly a response to Kurz-Salvadori's criticisms of Morishima's Ricardo, from Sraffa's point of view. None of the criticisms is accepted. The author also defends himself from Peach whom he takes to be representative of the historians' view of Ricardo.

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