Ricardo's macroeconomics : money, trade cycles, and growth / Timothy Davis.
"The outline of modern macroeconomics took shape in Britain in the early nineteenth century thanks, in part, to David Ricardo, the most influential economist of the time. Britain was challenged by monetary inflation, industrial unemployment, and the loss of jobs abroad. Ricardo pointed the way...
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge ; New York :
Cambridge University Press,
2005.
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| Series: | Historical perspectives on modern economics.
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| Subjects: |
| Summary: | "The outline of modern macroeconomics took shape in Britain in the early nineteenth century thanks, in part, to David Ricardo, the most influential economist 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 seen in 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, among other phenomena, the nonneutrality of money, trade depressions, and unemployment."--BOOK JACKET. |
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| Physical Description: | xii, 316 pages : illustrations ; 24 cm. |
| Bibliography: | Includes bibliographical references (pages 297-310) and index. |
| ISBN: | 0521844746 9780521844741 |