000			01564 a2200205 4500
008			140323b2005 xxu||||| |||| 00| 0 eng d
020			_a9780521844741
082			_a339
100			_aDavis,Timothy _994269
245			_aRicardo's macroeconomics: money, trade cycles, and growth _cDavis,Timothy
260			_aCambridge _bCambridge University Press _c2005
300			_axii, 316 p.
365			_bUKP 45.00
440			_aHistorical perspectives on modern economics _92420
520			_aThe 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.
650			_aRicardo, David - 1772-1823
650			_aMacroeconomics
942			_cBK
999			_c295428 _d295428