Abstract
The paper presents Tozer's study of the effects of the mechanization of productive activities on employment as an effort to devise a mathematical model, as an analytical method that would be more general and robust than Ricardo's numerical examples. The contradictory nature of this achievement is emphasized: while with the help of algebra Tozer made significant progress in model building in economics, it is argued that his contribution to a deeper understanding of the phenomenon under study is much less satisfactory, due to the difficulties he faced in his effort to incorporate consumption and demand into a classical analytical framework.
| Original language | English |
|---|---|
| Pages (from-to) | 433-454 |
| Number of pages | 22 |
| Journal | European Journal of the History of Economic Thought |
| Volume | 15 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Sept 2008 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- D. Ricardo
- J. E. Tozer
- Machinery
- Mathematical modeling
- Producer choice
- Technical unemployment
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