The entry discusses David Ricardo's three main analytical arguments related to the colonial issue: i) colonies as a source of new fertile land and therefore as a viable solution to the problem of decreasing returns on domestic land; ii) colonies as possible outlet markets able to absorb domestic excess supply; and, finally, iii) the effects of trade restrictions between a colony and its mother country.
Fiaschi, D., Signorino, R. (2015). Colonies. In H.D. Kurz, N. Salvadori (a cura di), The Elgar Companion to David Ricardo (pp. 65-68). Cheltenham, UK and Northampton, MA, USA : Edward Elgar,.
Colonies
SIGNORINO, Rodolfo
2015-01-01
Abstract
The entry discusses David Ricardo's three main analytical arguments related to the colonial issue: i) colonies as a source of new fertile land and therefore as a viable solution to the problem of decreasing returns on domestic land; ii) colonies as possible outlet markets able to absorb domestic excess supply; and, finally, iii) the effects of trade restrictions between a colony and its mother country.
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