- 288 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Ricardo on the Theory of Value and Money
About this book
This book is a renovative research work on Ricardo's theory of value and of money, achieved through analysis of Ricardo's original writings, made available in Sraffa's Works.
Takenaga argues that Ricardo's economic theory should be understood as a cost theory of value. He begins by re-reading the first chapter of Ricardo's Principles, focusing on the chapter's theoretical structure and definition of labour. He then extends Ricardo's characterisation of the theory of value by situating it in the context of debates with other contemporary economists, namely Torrens and McCulloch. In the third chapter, he argues that Ricardo's theory of money is not a quantity theory, and according to him the causal relation between money's value and its quantity runs from the former to the latter. In the fourth and fifth chapters, he discusses Ricardo's plans to reform the English monetary regime of his time. He closes the book with examination on a particular aspect of Ricardo's theory of money: his view on the relation between monetary issue and economic dynamics.
Providing new insights into essential aspects of Ricardo's economic theory, as well as into the history of economic thought, this book will appeal to economic researchers, particularly those studying the classical English economists.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Half-Title Page
- Series Page
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- 1 Structure of David Ricardo’s theory of value
- 2 A characterisation of Ricardo’s theory of value
- 3 The value of money: Labour value theory and quantity theory in Ricardo’s economic theory
- 4 Ricardo’s plans for the reform of the monetary regime
- 5 Peel’s Act of 1819 and subsequent changes in monetary circulation
- 6 An aspect of Ricardo’s theory of money: Monetary issue and economic dynamics
- References
- Index