Ricardo’s Theory of Money Matters

Maria Cristina Marcuzzo

Chapter Chapter 6 in Economic Theories, Protagonists and Facts, 2024, pp 81-101 from Palgrave Macmillan

Abstract: Abstract In this paper three common charges against Ricardo’s monetary theory are evaluated: the commodity-money fallacy, the neutrality of money and the long-period view. According to the first, Ricardo’s identification of money with gold prevented him from coming to grasp with paper-money and therefore fully understanding the properties of money. According to the second, Ricardo is the champion of the quantity theory of money and failed to see the real effects of variations in nominal variables. According to the third, Ricardo gave exclusive attention to permanent phenomena to the detriment of analysis of short-period disturbances. The paper challenges these views and provides an alternative interpretation of Ricardo’s monetary theory.

Keywords: Ricardo; Non-neutrality of money; Standard (search for similar items in EconPapers)
JEL-codes: B12 B31 E40 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Ricardo's Theory of Money Matters (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-031-63949-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031639494

DOI: 10.1007/978-3-031-63949-4_6

Access Statistics for this chapter

More chapters in Palgrave Studies in the History of Economic Thought from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().