Wicksell's Critique of Ricardo's Chapter “On Machinery”

Abstract

The purpose of this article is to look at Wicksell's critique of Ricardo's analysis of the effects of the introduction of machinery in the third edition of The Principles. It is shown that Wicksell's critique illustrates the difference between classical and neoclassical methods of analysis.

Citation

Hansson, B. (1983), "Wicksell's Critique of Ricardo's Chapter “On Machinery”", Journal of Economic Studies, Vol. 10 No. 3, pp. 49-55. https://doi.org/10.1108/eb002564