Ricardo’s Macroeconomics

John E. King

Chapter 5 in David Ricardo, 2013, pp 107-131 from Palgrave Macmillan

Abstract: Abstract In this chapter we shall need to deal with two of the ‘new views’ of Ricardo. The first is one that was touched on in chapter 3. It concerns his thinking on the long-run prospects for real wages, and hence for the living standards of the great majority of the population. This question is considered in the first section of the chapter, since it has a very direct bearing on Ricardo’s attitude towards economic growth and the possibility that it would eventually peter out.

Keywords: Monetary Policy; Real Wage; Fixed Capital; Classical Economist; Quantity Theory (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-1-137-31595-3_5

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DOI: 10.1057/9781137315953_5

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