The Elgar Companion to David Ricardo

The Elgar Companion to David Ricardo

Arguably one of the most important economists who has lived, Ricardo's impact on the economics profession is immense. This unique and comprehensive Companion elucidates his significance and continuing legacy.

Author: Heinz D. Kurz

Publisher: Edward Elgar Publishing

ISBN: 9781784715489

Category: Business & Economics

Page: 672

View: 772

Arguably one of the most important economists who has lived, Ricardo's impact on the economics profession is immense. This unique and comprehensive Companion elucidates his significance and continuing legacy. Ricardo made major contributions to all fields of the subject, from monetary issues to value and income distribution, from capital accumulation, technical progress and economic growth to foreign trade and international specialisation, and from taxes to public debt. What he called the main problem of political economy, the distribution of income and wealth, is again back on the political and economic agenda with a vengeance. Leading experts in the field explore his influence and offer novel interpretations of received doctrines.
Categories: Business & Economics

David Ricardo

David Ricardo

This book offers a new account of David Ricardo's political economy that is both scholarly and accessible.

Author: J. King

Publisher: Springer

ISBN: 9781137315953

Category: History

Page: 267

View: 785

This book offers a new account of David Ricardo's political economy that is both scholarly and accessible. It provides a detailed overview of the secondary literature on Ricardo down to 2012, and discusses alternative perspectives on his work, including those of Marxians, neoclassicals and Sraffians.
Categories: History

David Ricardo An Intellectual Biography

David Ricardo  An Intellectual Biography

Ricardo, D 1811, Reply to Mr. Bosanquet's 'Practical Observations on the Report of the Bullion Committee', in Works 3, ... 'Exchange Value and Utility', in H Kurz & N Salvadori (eds), The Elgar Companion to David Ricardo, Edward Elgar, ...

Author: Sergio Cremaschi

Publisher: Routledge

ISBN: 9781000475791

Category: Business & Economics

Page: 206

View: 994

David Ricardo has been acclaimed – or vilified – for merits he would never have dreamt of, or sins for which he was entirely innocent. Entrenched mythology labels him as a utilitarian economist, an enemy of the working class, an impractical theorist, a scientist with ‘no philosophy at all’ and the author of a formalist methodological revolution. Exploring a middle ground between theory and biography, this book explores the formative intellectual encounters of a man who came to economic studies via other experiences, thus bridging the gap between the historical Ricardo and the economist’s Ricardo. The chapters undertake a thorough analysis of Ricardo’s writings in their context, asking who was speaking, what audience was being addressed, with what communicative intentions, using what kind of lexicon and communicative conventions, and starting with what shared knowledge. The work opens in presenting the different religious communities with which Ricardo was in touch. It goes on to describe his education in the leading science of the time – geology – before he turned to the study of political economy. Another chapter discusses five ‘philosophers’ – students of logic, ethics and politics – with whom he was in touch. From correspondence, manuscripts and publications, the closing chapters reconstruct, firstly, Ricardo's ideas on scientific method, the limits of the 'abstract science’ and its application, and, secondly, his ideas on ethics and politics and their impact on strategies for improving the condition of the working class. This book sheds new light on Ricardian economics, providing an invaluable service to readers of economic methodology, philosophy of economics, the history of economic thought, political thought and philosophy.
Categories: Business & Economics

Ricardo on Money

Ricardo on Money

... N. (eds), The Elgar Companion to Classical Economics, Cheltenham: Edward Elgar, Vol. 2: 136–41. Grubel, H.G. (1961) “Ricardo and Thornton on the transfer mechanism”, Quarterly Journal of Economics, LXXV(2): 292–301.

Author: Ghislain Deleplace

Publisher: Taylor & Francis

ISBN: 9781351801966

Category: Business & Economics

Page: 418

View: 670

Despite his achievements, David Ricardo’s views on money have often been misunderstood and underappreciated. His advanced ideas had to wait until the twentieth century to be applied, and most historians of economic thought continue to consider him as an obsolete orthodox. The last book devoted in tribute to Ricardo as a monetary economist was published more than 25 years ago. Ricardo on Money encompasses the whole of Ricardo’s writings on currency, whether in print, unpublished notes, correspondence, or reported parliamentary speeches and evidence. The aim of the book is at rehabilitating Ricardo as an unorthodox theorist on money and suggesting his relevance for modern analysis. It is divided into three parts: history, theory and policy. The first describes the factual and intellectual context of Ricardo’s monetary writings. The second part puts the concept of standard centre stage and clarifies how, according to Ricardo, the standard regulated the quantity – and hence the value – of money. The final part shows that Ricardo relied on the active management of paper money rather than on flows of bullion and commodities to produce international adjustment and guarantee the security of the monetary system. Published to coincide with the 200th anniversary of the publication of On the Principles of Political Economy, and Taxation, this book will be of great interest to all historians of economic thought and scholars of monetary economics.
Categories: Business & Economics

The Elgar Companion to John Maynard Keynes

The Elgar Companion to John Maynard Keynes

For a debate on “Keynes's misquotations of Mill” see the contributions by Davis and Casey (1977), Patinkin (1978), Bridel (1979) and Davis ... Elgar Companion to David Ricardo, Cheltenham, UK and Northampton, MA, USA: Edward Elgar, pp.

Author: Robert W. Dimand

Publisher: Edward Elgar Publishing

ISBN: 9781788118569

Category:

Page: 672

View: 772

The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy.
Categories:

Ricardo and International Trade

Ricardo and International Trade

commodities be balanced by the dearness of the other half, in both countries, it is obvious that the commerce of such ... In Heinz D. Kurz and Neri Salvadori (eds), The Elgar Companion to David Ricardo, Cheltenham: Edward Elgar, pp.

Author: Shigeyoshi Senga

Publisher: Routledge

ISBN: 9781351686150

Category: Business & Economics

Page: 276

View: 756

David Ricardo’s theories have been widely studied and discussed, including the prominent theory on comparative advantage. Ricardo and International Trade looks at the ongoing renaissance of the Ricardian international trade theory. The book’s interpretation brings fresh insights into and new developments on the Ricardian international trade theory by examining the true meaning of the ‘four magic numbers’. By putting together theories of comparative advantage and international money, the book attempts to elucidate Ricardo’s international trade theory in the real world. This book also features contributions from the Japanese perspective and compares Ricardian theories with those of his contemporaries, such as Malthus, Torrens and J. S. Mill. This book will be a valuable reference for researchers and scholars with interests in history of economic thought and international economics.
Categories: Business & Economics

Ricardo s Theory of Growth and Accumulation

Ricardo s Theory of Growth and Accumulation

Pasinetti, Luigi Lodovico, on Ricardo, in Heinz D. Kurzand Neri Salvadori (eds). The Elgar Companion to David Ricardo. Cheltenham, UK and Northampton, MA: Edward Elgar, pp. 396−404. Bellino E. and S. Nerozzi (2017).

Author: Neri Salvadori

Publisher: Routledge

ISBN: 9781000088861

Category: Business & Economics

Page: 124

View: 569

In the aftermath of the Napoleonic Wars Britain found itself faced with a stagnant economy. Economist David Ricardo believed that the full re-integration of Britain into the world market would allow for both capital accumulation and population growth, and used arguments that anticipate ideas entertained in modern contributions to the theory of economic growth and development. However, several of these arguments have not yet been translated into the language of modern classical economics. Ricardo’s Theory of Growth and Accumulation seeks to overcome this striking lacuna. The latest entry in the Graz Schumpeter lecture series, this text explores and elaborates Ricardo’s arguments and the models utilized by those who subsequently followed in support of his work. The Ricardian system is first examined through a one-sector economy, following Kaldor’s model, and a two-sector economy, following Pasinetti’s model. These building blocks are developed through the exploration of a small open economy, which allows an analysis of the impact of international trade in exceedingly simple circumstances. This discussion expands further by considering the world economy. More sophisticated variants of the two-sector model are presented, in which commodity prices are endogenously determined by the trading interplay amongst several countries. A final analysis makes Ricardo’s case by introducing accumulation in the world economy. This book is of interest to students and scholars of Ricardo, classical economics, and – more broadly – growth theory, the theory of international economics, and globalization. The author was keen to render the analytical parts compelling to the historian and the historical parts compelling to the theorist.
Categories: Business & Economics

Handbook on the History of Economic Analysis Volume I

Handbook on the History of Economic Analysis Volume I

Kurz, H.D. and N. Salvadori (eds) (1998), The Elgar Companion to Classical Economics, 2 vols, Cheltenham, UK and Northampton, MA, USA: Edward Elgar. Kurz, H.D. and N. Salvadori (2002), 'One theory or two? Walras's critique of Ricardo', ...

Author: Gilbert Faccarello

Publisher: Edward Elgar Publishing

ISBN: 9781785366642

Category: Business & Economics

Page: 816

View: 693

Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced.
Categories: Business & Economics

Reclaiming Pluralism in Economics

Reclaiming Pluralism in Economics

Keynes, J.M. (1930), A Treatise on Money: The Pure Theory of Money, volume 1, reprinted in J.M. Keynes (1971), ... Kaldor, Nicholas, and Ricardo, in H. Kurz and N. Salvadori (eds) (2015), The Elgar Companion to David Ricardo ...

Author: Jerry Courvisanos

Publisher: Routledge

ISBN: 9781317359876

Category: Business & Economics

Page: 332

View: 719

Until the end of the early 1970s, from a history of economic thought perspective, the mainstream in economics was pluralist, but once neoclassical economics became totally dominant it claimed the mainstream as its own. Since then, alternative views and schools of economics increasingly became minorities in the discipline and were considered ‘heterodox’. This book is in honour of John Edward King who has an impressive publication record in the area of economic theory with specific interest in how economic thought in the past shapes current economic theory and enforces certain paths of economic policy and economic development. This book is divided into five themes based on King’s interests. The first theme looks at the challenge in trying to reclaim pluralism in economics. The second faces head-on the direct collision of mainstream economics with history of economic thought and heterodox economics. The third addresses classical economic ideas, their central influence in the past and how they can still primarily guide modern pluralist economics. The fourth examines Post Keynesian and Kaleckian economics with a view to providing a more coherent and extensive branch of heterodox economics. The final theme critiques the policy of neoliberalism that has entrenched itself in capitalist economies which have led to financial, industrial, labour, and behavioural/consumerist crises. This text aims to provide a clear path for pluralism to serve the economics discipline as its standard bearer, and to no longer be merely a heterodox challenge to the mainstream. This book is of interest to those who study history of economic thought, political economy and heterodox economics.
Categories: Business & Economics

Money Finance and Crises in Economic History

Money  Finance and Crises in Economic History

The Long-Term Impact of Economic Ideas Annalisa Rosselli, Nerio Naldi, Eleonora Sanfilippo ... The Elgar companion to David Ricardo. ... The “standard commodity” and Ricardo's search for an “invariable measure of value.

Author: Annalisa Rosselli

Publisher: Routledge

ISBN: 9781351611664

Category: Business & Economics

Page: 264

View: 641

Recently, students and scholars have expressed dissatisfaction with the current state of economics and have called for the reintroduction of historical perspectives into economic thinking. Supporting the idea that fruitful lessons can be drawn from the work of past economists, this volume brings together an international cross section of leading economists and historians of economic thought to reflect on the crucial role that money, crises and finance play in the economy. The book draws on the work of economists throughout history to consider afresh themes such as financial and real explanations of economic crises, the role of central banks, and the design of macroeconomic policies. These themes are all central to the work of Maria Cristina Marcuzzo, and the contributions both reflect on and further her research agenda. This book will be of interest to researchers in the history of economic thought, and those who wish to gain a deeper understanding of the variety and diversity in approaches to economic ideas throughout history.
Categories: Business & Economics