SciELO - Scientific Electronic Library Online

vol.44 issue1Efeitos da qualidade da pesquisa acadêmica sobre a distância geográfica das interações universidade-empresaA agricultura paulista em 1905 author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand




Related links


Estudos Econômicos (São Paulo)

Print version ISSN 0101-4161


ARTHMAR, Rogério. Ricardo, o tempo e o valor. Estud. Econ. [online]. 2014, vol.44, n.1, pp.133-152. ISSN 0101-4161.

This paper reviews the evolution of the Ricardian theory of value in its connection with the element time. Initially, Ricardo's first version of the general law of exchange is briefly inspected. After that, a numerical illustration of the formula for competitive prices is detailed, while some light is shed on how the factor time arose in the discussions about the theory advanced in the Principles. Next, the simplified version of the norm of value introduced in the book's third edition is examined, as well as the central Ricardian proposition that changes in the profit rate would have minimum impact on prices. The last section shows that a generalization of the same example concocted by Ricardo, incorporating multiple production periods, does not lend support to such assertion.

Keywords : Ricardian economics; labor theory of value; time; profit rate.

        · abstract in Portuguese     · text in Portuguese     · Portuguese ( pdf )


Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License