Interpreting Ricardo: a rejoinder to Peach

This note answers Terry Peach's (1998) response to our criticisms of his interpretation of Ricardo. We show that the available evidence supports Sraffa's interpretation. The arguments put forward by Peach, far from undermining that interpretation or furthering an understanding of Ricardo's project, do little more than catalogue the already well-known difficulties that Ricardo encountered as he grappled toward a clearer account of the laws that regulate distribution and prices. Copyright 2002, Oxford University Press.