ABSTRACT

Dear Heinz, This is a belated comment on your paper, ‘What Could the “New” Growth Theory Teach Smith or Ricardo?’ It is a very clever format, and your exposition is indeed excellent. I have only one comment on the format; surely Smith and Ricardo would not have used first names in their day. (I riffled through Ricardo’s letters in Sraffa’s edition. Almost invariably, the salutation was, ‘Dear Sir’, or, ‘My Dear Sir’. This was true even with such frequent correspondents and occasional house guests as Malthus and Mill. The only exception was the interchange with Ricardo’s good friend, Hutches Trower; here, they address each other, ‘Dear Trower’, and, ‘Dear Ricardo’.) But since you have resurrected them in the present era, perhaps they talk in current language.