In this article, L.L. Pasinetti describes David Ricardo’s complete economic system in a rigorous and concise form. He eliminates ambiguities and shows that the Ricardian system is very neat and even suitable for a mathematical formulation, with all the well-known advantages of conciseness, rigour and clarity. To avoid digressions, and lengthy references, the difficulties Ricardo faced and the basic features of his theories are briefly reviewed. The Italian version: "Una formulazione matematica del sistema ricardiano" is published in: Sviluppo economico e distribuzione del reddito, Bologna: Il Mulino, 1977, pp.9-42.
Pasinetti, L. L., A Mathematical Formulation of the Ricardian System, <<REVIEW OF ECONOMIC STUDIES>>, 1960; 27 (2): 78-98. [doi:10.2307/2296129] [http://hdl.handle.net/10807/65690]
A Mathematical Formulation of the Ricardian System
Pasinetti, Luigi Lodovico
1960
Abstract
In this article, L.L. Pasinetti describes David Ricardo’s complete economic system in a rigorous and concise form. He eliminates ambiguities and shows that the Ricardian system is very neat and even suitable for a mathematical formulation, with all the well-known advantages of conciseness, rigour and clarity. To avoid digressions, and lengthy references, the difficulties Ricardo faced and the basic features of his theories are briefly reviewed. The Italian version: "Una formulazione matematica del sistema ricardiano" is published in: Sviluppo economico e distribuzione del reddito, Bologna: Il Mulino, 1977, pp.9-42.
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