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On Some Myths about Ricardo’s Theory of Money

Ghislain Deleplace ()
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Ghislain Deleplace: LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis

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Abstract: The purpose of the chapter is to challenge two widely-held myths about Ricardo's theory of money and to suggest another view in which the relationship between the value and the quantity of money owes nothing to a commodity-theory of money (Section 2) or to the Quantity Theory of Money (Section 3) but puts the market price of the standard of money centre-stage (Section 4). Ricardo's applied pronouncements on money then appear as direct consequences of this theory (Section 5).

Keywords: Ricardo David; Money; Standard of money; Quantity theory of money; Monetary policy (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ban, nep-his, nep-hpe, nep-mon and nep-pay
Note: View the original document on HAL open archive server: https://hal.science/hal-04257033
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Published in John E. King. The Anthem Companion to David Ricardo, Anthem Press, pp.9-28, 2023, 9781839982910

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