ABSTRACT

Since the literature on Ricardo’s theory of value and distribution is immense, it would seem almost impossible that anything useful can still be said on the subject. In this context, it may therefore be emphasised that the three notes which form the contents of this paper do not propose a re-interpretation of Ricardo, but rather a few comments on an important aspect of his theory of value and distribution: the assumption of uniform production periods in all sectors of industry. The first two notes are interrelated by the fact that they touch upon this assumption in connection with the development of Ricardo’s theory of value and distribution, while the importance of this assumption in the interpretation of the Ricardian system provides the justification for the subject matter of the third note.