Empirical and Ideological Elements in the Decline of Ricardian Economics

@article{Reich1980EmpiricalAI,
  title={Empirical and Ideological Elements in the Decline of Ricardian Economics},
  author={M. Reich},
  journal={Review of Radical Political Economics},
  year={1980},
  volume={12},
  pages={1 - 14}
}
  • M. Reich
  • Published 1980
  • Economics
  • Review of Radical Political Economics
Historians of economic thought have debated the relative import ance of theoretical advances, changes in the economy, ideological factors, and confrontations of theory with evidence in explaining the rise and decline of eco nomic paradigms. In the case of the decline of Ricardian economics in England in the 1830s, the debate has focused on the alleged empirical irrelevance (because of technical improvements) of Ricardo's theory of diminishing returns in agri culture versus the disturbing… Expand
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