David Ricardo a Centenary Estimate

Cover David Ricardo a Centenary Estimate
David Ricardo a Centenary Estimate
Hollander, Jacob Harry, 1871-1940
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" 2 A few months later Ricardo declared facility of obtaining food to be " almost the sole cause, " while Malthus admitted that it " may be safely said to be the main cause " of high profits. 3 Thereafter, the difference resolved itself into Ricardo's contention that restrictions on the importa- tion of corn were the invariable, permanent cause of low profits, and Malthus's denial that this consequence was either necessary or peculiar.
With the greater precision of thought brought by this contr
...oversy, and even more by Malthus's explanation of the nature and cause of rent 4 abundantly confirmed as it 1 Letters of Ricardo to Trower, p. 5.
2 Letters of Ricardo to Malthus, p. 38.
3 Ibid. , p. 46.
4 It is possible that Ricardo's indebtedness to Malthus and West in the matter of the differential theory of rent is less than has commonly been supposed and less indeed than Ricardo's own ex- pressions in the Preface to the " Principles " have been taken to mean (cf. A paper by the present writer on "The Concept of Mar- final Rent" in Quarterly Journal of Economics, January, 1895).


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