George Ramsay


Also found in: Wikipedia.

Ramsay, George

 

Born Mar. 19, 1800, in Bamff House, Perth; died there Feb. 22, 1871. British economist and philosopher. One of the last exponents of classical economics.

Ramsay, who was educated at Cambridge University, wrote works on philosophy, psychology, and ethics, but he won renown for A n Essay on the Distribution of Wealth (1836).

K. Marx wrote that Ramsay’s main contribution consisted in “that he does in fact make the distinction between variable and constant capital (in K. Marx and F. Engels, Soch., 2nd ed., vol. 26, part 3, p. 337). Ramsay came close to achieving a correct understanding of surplus value and rate of profit. He noted that capital expended on wages sets in action a greater mass of labor than is actually embodied in it. He also criticized Smith’s theory. However, Ramsay was unable to carry to its conclusion his analysis of the distinction between constant and variable capital, which he confused with the distinction between fixed and circulating capital. He identified surplus value with profit, and he erroneously believed that both labor and “fixed capital” are the source of value. From Ramsay’s point of view, capitalist production was not the absolute form of production. However, this observation did not lead him to conclude that the downfall of the capitalist mode of production is historically inevitable.

REFERENCE

Marx, K. “Teorii pribavochnoi stoimosti” (vol. 4 of Kapitat). In K. Marx and F. Engels, Soch., 2nd ed., vol. 26, part 3, pp. 337–73.

A. A. KHANDRUEV

Mentioned in ?
References in periodicals archive ?
KILLER STAT George Ramsay was Villa manager when six top-flight titles and six FA Cups were won.
George Ramsay, Unite union's regional industrial officer, said: "We've done our best to help the workforce including organising a PACE event where I was very impressed with local companies who were there looking to help as much as possible and support all the apprentices affected by the closures."
But will be holding on to this one having moved clear as the most successful boss in the storied history of the FA Cup, eclipsing George Ramsay's six wins with Aston Villa between 1887 and 1920.
Ahead of the final, Wenger revealed he has never kept a winners' medal in his managerial career, but will be holding on to this one having moved clear as the most successful boss in the storied history of the FA Cup, eclipsing George Ramsay's six wins with Aston Villa between 1887 and 1920.
MOST FA CUP WINS BY A MANAGER AND THE FA CUP'S MOST SUCCESSFUL TEAMS Arsene Wenger Arsenal 6 George Ramsay Aston Villa 5 Alex Ferguson Man Utd Thomas Mitchell Blackburn 4 John Nicholson Sheffield Utd 3 Bill Nicholson Spurs Charles Foweraker Bolton 13 Arsenal 12 Manchester United 8 Tottenham 7 Liverpool, Aston Villa, Chelsea 6 Newcastle, Blackburn 5 Everton, Manchester City, West Brom, The Wanderers
He moved one ahead of George Ramsay who won six FA Cups with Aston Villa.
"While there was no official position of manager at the time, as secretary, George Ramsay ran the team for 40 Remi Garde "He could spot potential easily and his reputation was such that he could attract star players to the club."
Wenger - matching the six victories achieved by George Ramsay who managed Villa from 1884-1926 - said: "I am very proud of that.
Only George Ramsay, who managed Villa from 1884-1926, has won the same number of FA Cups as Wenger.
When it was pointed out to Wenger that his sixth FA Cup triumph equals George Ramsay's record, he said: "I'm very proud that our club is doing well and if I can personally do well as well it's even better."
Arsenal's record-breaking 12th win moved them one ahead of Manchester United in the all-time tally of FA Cup triumphs, while Wenger's sixth FA Cup Final victory as Gunners boss brought him level with Aston Villa's George Ramsay from back in the 19th and early 20th century.
"Whilst there was no official position of manager at the time, as secretary, George Ramsay ran the team for 40 years.