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Ricardo's Macroeconomics
Contributor(s): Davis, Timothy (Author)

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 ISBN: 0521844746     ISBN-13: 9780521844741
Publisher: Cambridge University Press
OUR PRICE: $123.50  

Binding Type: Hardcover - See All Available Formats & Editions
Published: May 2005
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Additional Information
BISAC Categories:
- Business & Economics | Economics - Macroeconomics
- Business & Economics | Economic History
Dewey: 339.092
LCCN: 2004020558
Series: Historical Perspectives on Modern Economics
Physical Information: 0.88" H x 6" W x 9" L (1.44 lbs) 330 pages
Features: Bibliography, Index
 
Descriptions, Reviews, Etc.
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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