From: Paul Cockshott (wpc@dcs.gla.ac.uk)
Date: Fri Apr 18 2008 - 17:43:02 EDT
Well Shaikh conducting a critique of Ricardos comparative advantage theory. Ricardos model depended on the operation of the gold standard to induce changes in price levels in response to trade deficits or surpluses. If the critique of Ricardos theory of the gold standard falls, then the whole critique of Ricardos theory of comparative advantage is thrown into question. Paul Cockshott Dept of Computing Science University of Glasgow +44 141 330 1629 www.dcs.gla.ac.uk/~wpc/reports/ -----Original Message----- From: ope-bounces@lists.csuchico.edu on behalf of GERALD LEVY Sent: Fri 4/18/2008 4:05 PM To: Outline on Political Economy mailing list Subject: RE: [OPE] Problems in International Political Economy (IPE)shaikh's defence of Marx > It is not the assumption that gold is money that I am questioning here> but his understanding of how the gold standard worked. What I am saying> is that Ricardos account of it is more plausible than Marx's. Hi Paul C: Besides the economic historical question, do you see anything else at stake in this question? If so, what? In solidarity, Jerry _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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