ABSTRACT
Professor Roncaglia and I are still far apart in our conceptions of Ricardian economics. Yet I myself once adopted Roncaglia's version: ‘The classification of Ricardian economics as a “detour” … might be valid if it can be demonstrated that the characteristically “Ricardian” features lie within the tradition of allocation economics. That this is so is by no means certain. To the extent that Ricardo was in fact developing an alternative “basic theory” – whereby distribution and value are treated separately – the view of Knight and Schumpeter … is seriously misleading’ (Hollander 1973, 14).
