David Ricardo’s Treatment of Wages

  • Terry Peach
Part of the British Association for the Advancement of Science book series


To anyone unacquainted with Ricardo-scholarship, it may seem odd that the writings of a man who died in 1823 should continue to be the focus for lively and sometimes acrimonious debate. Yet the fact is that Ricardo’s ‘legacy’ attracts unflagging interest (as a recently published book on the subject — Caravale (ed.) 1985 — bears witness). How can this be explained? I suggest that two factors are particularly germane: interpretative method and the evaluative location of Ricardo within some ‘stream’ of economic thought.


Real Wage Natural Rate True Centre Market Wage Traditional Interpretation 
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© The British Association for the Advancement of Science 1986

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  • Terry Peach

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