Cantillon and Sismondi on population, rent and subsistence
Abstract
The article compares Cantillon’s and Sismondi’s views on population, rent and wage of subsistence, having Malthus’ law of population as a background. We assume that the XVIII and XIX century controversies on population and economic development provide a good framework for a reappraisal of economics in general, including value and distribution. In our perspective, both Cantillon and Sismondi cannot be put under the umbrella of the Ricardian (or Sraffian) approach to wage and distribution.
JEL Classification: B11.
Keywords: Cantillon Sismondi wages subsistence revenue