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Ricardo's Macroeconomics: Money, Trade Cycles, and Growth
Contributor(s): Timothy, Davis (Author), Davis, Timothy (Author)

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 ISBN: 0521169275     ISBN-13: 9780521169271
Publisher: Cambridge University Press
OUR PRICE: $39.89  

Binding Type: Paperback - See All Available Formats & Editions
Published: September 2010
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Additional Information
BISAC Categories:
- Business & Economics | Economics - Macroeconomics
- Business & Economics | Economic History
Dewey: 339.092
Series: Historical Perspectives on Modern Economics
Physical Information: 0.74" H x 6" W x 9" L (1.07 lbs) 330 pages
Features: Bibliography
 
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Publisher Description:
The outline of modern macroeconomics took shape in Britain in the early nineteenth century thanks, in part, to David Ricardo, one of the most influential economists of the time. Britain was challenged by monetary inflation, industrial unemployment and the loss of jobs abroad. Ricardo pointed the way forward. As a financier and Member of Parliament, he was well versed in politics and commercial affairs. His expertise is shown by the practicality of his proposals, including the resumption of the gold standard, which was essential given the destabilizing policy of the Bank of England. Ricardo's expertise appears also in his debate with T. R. Malthus about whether an industrial economy can suffer a prolonged depression. Say's Law of Markets and the Quantity Theory of Money figure prominently in his works, but not in an extreme form. He was instead a subtle theorist, recognizing the non-neutrality of money, trade depressions and unemployment.
 
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