Ricardo's macroeconomics: money, trade cycles, and growth Davis,Timothy
Series: Historical perspectives on modern economicsPublication details: Cambridge Cambridge University Press 2005Description: xii, 316 pISBN:- 9780521844741
- 339
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|
Book | Ahmedabad | 339 D2R4 (Browse shelf(Opens below)) | Available | 161009 |
Browsing Ahmedabad shelves Close shelf browser (Hides shelf browser)
339 C6M6-2015 Modern principles: macroeconomics | 339 D2M2 The macroeconomy: a textbook view | 339 D2M2 Macroeconomics for MBAs and masters of finance | 339 D2R4 Ricardo's macroeconomics: money, trade cycles, and growth | 339 D6M2 Macroeconomics: a fresh start | 339 D6M21/2001 Macroeconomics | 339 D6M21/2004 Macroeconomics |
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.
There are no comments on this title.