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Journal Articles European Journal of the History of Economic Thought Year : 2008

Producer choice and technical unemployment: John E. Tozer's mathematical model (1838)

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.
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Dates and versions

hal-01574622 , version 1 (15-08-2017)

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Paola Tubaro. Producer choice and technical unemployment: John E. Tozer's mathematical model (1838). European Journal of the History of Economic Thought, 2008, 15 (3), pp.433-454. ⟨10.1080/09672560802252313⟩. ⟨hal-01574622⟩
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