Ricardo on the Theory of Value and Money
Routledge (Verlag)
978-1-032-80736-2 (ISBN)
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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 context of debates with other contemporary economists, namely Torrens and McCulloch. In later sections, 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. He closes the book with a discussion of Ricardo’s plans to reform the English monetary regime of his time.
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.
Susumu Takenaga is a Professor of Economics at Daito Bunka University, Japan. He has edited two books on David Ricardo: Ricardo and the History of Japanese Economic Thought (2016) and Ricardo on Money and Finance (2013, with Yuji Sato). This is his third book.
Contents
Introduction
1. Structure of David Ricardo’s theory of value
2. A characterisation of Ricardo’s theory of value – debates with Torrens and McCulloch on the 《modifications 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 monetary regime – bullion payment and establishment of a National Bank
5. Peel’s Act of 1819 and subsequent changes in the monetary circulation
6. An aspect of Ricardo’s theory of money – monetary issue and economic dynamics
References
Index
| Erscheint lt. Verlag | 21.2.2025 |
|---|---|
| Reihe/Serie | Routledge Studies in the History of Economics |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 156 x 234 mm |
| Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
| Wirtschaft ► Allgemeines / Lexika | |
| Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik | |
| ISBN-10 | 1-032-80736-9 / 1032807369 |
| ISBN-13 | 978-1-032-80736-2 / 9781032807362 |
| Zustand | Neuware |
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