No one is concerned to prove that the Ricardian economics applies to the manorial system, and it is generally supposed at any rate that the world has been approximating more and more nearly during the last century to the conditions assumed in most of the reasoning of that school.
On the principles we have explained, therefore, the Ricardian economics should supply just that body of general theory which is required in the investigation of modern economic problems, and the reputation of at any rate the leading writers should be as great as ever.
This assumption, however, has been made quite impossible, not by the historical school, but by the criticism and analysis of economists in the direct line of the Ricardian succession.
If the Ricardian school of economists had been merely philosophers, or even a group like the French physiocrats, this state of things might be regarded with equanimity.
But rehabilitation in accordance with the canons of historical justice will not restore the lost influence of the Ricardian school.
It is an admirably lucid, and even elegant, exposition of the Ricardian economics, the Malthusian theory being of course incorporated with these; but, notwithstanding the introduction of many minor novelties, it is in its scientific substance little or nothing more.
This observation is true not only of old-world writers like the Mercantilists, but also of Ricardian economics.
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