On Torrens's theory of profits

This paper is about the presence in Torrens's works of the 1810s and 1820s of a theory of profits based on an assumption of physical homogeneity betwe en capital and product-a theory that derived from the 'corn ratio' theory o f profits put forward by Ricardo in 1814-15. Some views about Torrens's the ory and its Ricardian origin held by S. Hollander and T. Peach are also bri efly discussed and are shown not to be well founded, and not to take into a ccount correctly the evolution of Torrens's views on distribution.