Iñigo Carrera, J. (2023). Prices, productivity, and agricultural ground rent: neither ‘deteriorated terms of trade’ nor ‘unequal exchange’ . Documento de Investigación del Centro para la Investigación como Crítica Práctica, Buenos Aires.
ABSTRACT Dependency and underdevelopment theories present the deterioration of the terms of trade as proof of their conceptions. They explicitly exclude a higher increase of labor productivity in the agricultural sector vis-à-vis the industrial one as a cause for this deterioration. The article measures this relative evolution for 1910-2009 based on the USA, which is … Read more