On Torrens's theory of profits

This paper is about the presence in Torrens's works of the 1810sand 1820s of a theory of profits based on an assumption of physicalhomogeneity between capital and product—a theory thatderived from the ‘corn ratio’ theory of profitsput forward by Ricardo in 1814–15. Some views about Torrens'stheory and its Ricardian origin held by S. Hollander and T.Peach are also briefly discussed and are shown not to be wellfounded, and not to take into account correctly the evolutionof Torrens's views on distribution.