[OPE-L:8092] Steedman on Ricardo indeed including constant capital in national product

From: Paul Zarembka (zarembka@acsu.buffalo.edu)
Date: Mon Dec 02 2002 - 17:31:52 EST


Steedman wrote a chapter in 1982 on "Marx on Ricardo" in *Classical and
Marxian Political Economy* in which he claimed that Marx was wrong to
assert that Ricardo, like Smith, left out constant capital in the value of
national product.  I have not seen any rejoinder to Steedman (Fred Moseley
has an article in 1998 on Smith's error but doesn't even cite Steedman).

Has anyone seen a rejoinder to this point of Steedman's?  Since Marx
repeatedly says that Smith and Ricardo were wrong, it would seem pretty
significant if Marx himself were in error.

Thanks,  Paul

************************************************************************
Paul Zarembka, editor, RESEARCH IN POLITICAL ECONOMY at
********************* http://ourworld.compuserve.com/homepages/PZarembka


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