Marx and Ricardo on machinery
A critical note
Datos Bibliográficos
| ID | 23212871 |
|---|---|
| Autores | Miguel D Ramírez (Moscow State University of Technologies and Management named after K.G. Razumovskiy, autor de correspondencia) |
| Año | 2019 |
| Volumen | 26 |
| Número | 1 |
| Páginas | 81-100 |
| Fecha de publicación | 2019-01-02 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | European Journal of the History of Economic Thought (JOURNAL) |
| Identificadores de la revista | ISSN: 0967-2567 • E-ISSN: 1469-5936 |
| Editorial | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09672567.2018.1523208 |
| OpenAlex | W2792840353 |
| Idioma | EN |
| Citas recibidas | 4 |
| Referencias citadas | 11 |
This article critically discusses the important and relevant—not to mention controversial— views of Ricardo and Marx on the impact of machinery on labor productivity, the organization of production and the wages and employment prospects of the working class during the capitalism of their day. First, the article turns to Ricardo’s assessment of the introduction of machinery and its likely effects on the laborer and the rate of profit and accumulation—one which went through a substantial revision (and reversal) between the first and third editions of his Principles of Political Economy and Taxation. Then, we discuss Marx’s own critical analysis of the historical development of machinery and its impact on the labor process, the so-called “compensation principle,” and how the rising organic composition of capital ostensibly generates a “redundant or surplus-population” during the course of capitalist development. We highlight Marx’s intellectual debt to Ricardo, John Barton (and George Ramsay) insofar as his theory of technological unemployment is concerned. Lastly, the article summarizes the views of Ricardo and Marx and offers some concluding remarks.
Capital (architecture) · Capitalism · Debt · Economics · Full employment · Labor theory of value · Macroeconomics · Neoclassical economics · Political science · Politics · Production (economics) · Productivity · Profit (economics) · Rate of profit · Relations of production · Technological change · Unemployment · Economic Theory and Institutions · Economic Theory and Policy · Law · Political Economy and Marxism
The theory of capitalist development
Studies in the labour theory of value.
History of Economic Analysis
Economic Theory in Retrospect
Technical progress, capital accumulation and income distribution in Classical economics
Marx on Ricardo
On the Principles of Political Economy, and Taxation
Is the Falling Rate of Profit the Driving Force Behind Globalization
Notes on Say's Law, Classical Economics and the Theory of Effective Demand
Marxist Theories of Imperialism
| Obras citantes distintas | 4 |
|---|---|
| Citas por año | 2 |
| Intervalo de citas | 2024 - 2026 (3) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 4 |