3 Ricardo on machinery An analysis of Ricardo’s examples

Giuseppe Freni and Neri Salvadori

DOI: 10.4324/9781003138709-4

Original paper: Giuseppe Freni and Neri Salvadori (2019) Ricardo on machinery: an analysis of Ricardo’s examples, The European Journal of the History of Economic Thought, 26(3), 537–553, DOI: 10.1080/09672567.2019.1622756. London: Taylor & Francis Group.

3.1 Introduction

The chapter ‘On Machinery’ that Ricardo added in the third edition of his Principles1 has attracted the attention of many economists: Whewell (1831), Wicksell ([1923] 1981), Hayek (1931, 1942, 1969), Kaldor (1932), Stigler (1952), Hicks (1969), Hollander (1971), Barkai (1986), Kurz (1984, 2010, see also Jeck and Kurz 1983), Samuelson (1988, 1989, 1994), ...

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