Abstract

This French article aims at analyzing the Ricardian problem of an "invariable standard of value" in Ricardo's own terms. It is argued that Ricardo's commentators and modern followers have changed these terms significantly. The problem actually branches into two subproblems, i.e., that of "invariability" strictly, and that of "neutrality with respect to distribution". These subproblems do not matter to Ricardo to the same extent. He regards the latter (in various formulations recapitulated here) as a complication of the former, which is the crucial one in his search for a "good" standard. This exemplifies precisely how Ricardo could theoretically focus on the production side of the economy at the expense of the distribution side. With these conclusions at hand, the paper can be critical of Marx's and Sraffa's interpretations of the Ricardian problem of the standard: respectively, because Marx's is simply incorrect, and because Sraffa's solved a problem that was unrelated to the original one in Ricardo.