Ricardo's Macroeconomics

Money, Trade Cycles, & Growth

Timothy Davis - Collection Historical Perspectives on Modern Economics

316 pages, parution le 02/05/2005

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Résumé

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.

Accessible to non-specialists with an introductory chapter that explains all terminology used later in the book

Historical overview and appendix make the book useful for economic historians

Meticulously draws parallels between Ricardo's recommendations and the relevant economic and historical environment of his day

L'auteur - Timothy Davis

Timothy Davis is a faculty member of the Department of Computer Science, Clemson University.

Sommaire

Introduction
The business cycle of 1815 to 1818
The business cycle of 1818 to 1825
Ricardo as an empirical economist
Ricardo's analysis of postwar events
The law of markets
Monetary policy
Conclusion

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Cambridge University Press
Auteur(s)	Timothy Davis
Collection	Historical Perspectives on Modern Economics
Parution	02/05/2005
Nb. de pages	316
Format	15,5 x 23,5
Couverture	Relié
Poids	571g
Intérieur	Noir et Blanc
EAN13	9780521844741
ISBN13	978-0-521-84474-1