Jones, Richard

Jones, Richard 

Born 1790 in Tunbridge, Wales; died Jan. 26, 1855, in Haileybury. British economist. Critic of the teachings of D. Ricardo.

Jones was one of the first to understand the historically transient character of the capitalist mode of production. He was the first in political economy to consider capital as a social relationship. He freed the theory of rent from the so-called law of the “declining fertility of land.” While Marx criticized Jones for his mistakes (reformist vacillations, propensity to compromise with bourgeois radicalism), at the same time he valued highly the positive aspects of Jones’ teachings.

WORKS

Ekonomicheskie sochineniia. Leningrad, 1937. (Translated from English.)

REFERENCE

Marx, K. “Teorii pribavochnoi stoimosti” (vol. 4 of Das Kapital).
K. Marx and F. Engels, Soch., 2nd ed., vol. 26, part 2, chap. 24.