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Ricardo on Money and Finance - A Bicentenary Reappraisal (Paperback)
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Ricardo on Money and Finance - A Bicentenary Reappraisal (Paperback)
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Total price: R1,336
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David Ricardo, one of the major figures in the history of economic
thought, particularly in the English classical political economy,
deployed his activities as economist just two hundreds of years
ago. Since then his economics has been generally estimated as the
culminating point of the classical economics, and his name and
theory has been exerting an enduring influence up to the present.
This book, consisting of articles contributed by historians
economic thought on money and finance, intends to reappraise the
Ricardo's monetary and financial thought on the occasion of its
bicentenary and to offer historical clues to understanding today's
world wide financial crisis. The book consists of eight chapters
divided into three parts. The first part is devoted to the
historical back ground of Ricardo's thought (Hume, Smith, Thornton
etc). It serves to bring in relief the originality of Ricardo's
thought in the historical context. The second and central part
consists of four chapters discussing the most important aspects of
Ricardo's monetary thought: Ricardo and quantity theory of money,
the ideal monetary regime conceived by Ricardo very early in his
career and matured till the last moment of his life, plan for the
establishment of a national bank. In this part, the relation
between the quantity of money and its value in Ricardo's theory is
examined in a new light and Ricardo as a non-quantity theorist. The
two chapters in the third and last part discuss the problems raised
after Ricardo in relation to his monetary thought. Tracing
Ricardo's economic thought to the early 19th century, this book may
provide readers insight to help them understand the present day
financial crises through his works.
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