From Bounties On Exportation To The Natural And Market Price Of Labour: Smith Versus Ricardo

Schumpeter's remarks on Ricardo's reaction to Smith's system of thought ("He studied the Wealth; he was shocked at what seemed to him to be a logical muddle; he set about straightening out this muddle; and the Principles was the ultimate result of this work of creative criticism") (1954, p.472) can be further articulated by noting that the criticism which really runs through Ricardo's Principles is sometimes implicit and sometimes explicit, and that this criticism, whether implicit or explicit, is directed sometimes to the foundations of Smith's system of thought and sometimes to the conclusions built on those foundations.

Provided by: Munich Personal Repec Archive Topic: CXO Date Added: May 2011 Format: PDF

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