David Ricardo / John E. King.

Format:

Book

Author/Creator:

King, J. E. (John Edward)

Series:

Great thinkers in economics series

Language:

English

Subjects (All):

Ricardo, David, 1772-1823.

Ricardo, David.

Economists--Great Britain--Biography.

Economists.

Great Britain.

Economics--History--19th century.

Economics.

History.

Genre:

Biographies.

Physical Description:

vii, 260 pages ; 23 cm.

Place of Publication:

Houndmills, Basingstoke, Hampshire : Palgrave Macmillan, 2013.

Summary:

Great Thinkers is Economics is designed to illuminate the economics of some of the greatest historical between their lives and work, and the events surrounding them. The books are brief and written in a style that makes them of interest not only to professional economists but also to students of economics and the interested layperson. This book offers a new account of David Ricardo's political economy that is both scholarly and accessible. It provides an up to date overview of the secondary literature on Ricardo, and discusses alternative perspectives on his work, including those of Marxians, neoclassicals and Sraffians. The book makes a critical assessment of the 'new views' of Ricardo's politics, his macroeconomics and his theory of wages, and links his writings to current controversies on fiscal and monetary policy, including 'Ricardian equivalence', fiscal austerity and the case for an independent central bank. Successive chapters deal with Ricardo's life and times; his vision, including his philosophical and political ideas; his theory of value and distribution; international trade and the case against protection; Ricardo's macroeconomics, focusing on Say's Law, money and banking, and structural unemployment; his approach to fiscal policy, monetary policy, the relief of poverty and classical liberalism; his editors and critics, 1823-2013; and the alternative interpretations of Ricardo's economics of Marx, Marshall and Sraffa. There is a comprehensive bibliography. Book jacket.

Contents:

1 The Life and Times of David Ricardo 1

1.1 The Importance of Ricardo 1

1.2 Ricardo's Life 2

1.3 Ricardo's England: The Economy 12

1.4 Ricardo's England: Society and Politics 16

2 Ricardo's Vision 29

2.1 Philosophy, History, Society 29

2.2 Ricardo's Method and Style 34

2.3 Ricardo's Politics 42

2.4 Ricardo's Works 49

Appendix: The Principles 54

3 Value and Distribution 56

3.1 Ricardo's Problem 56

3.2 Profits and Rent 58

3.3 Wages 69

3.4 The Theory of Value 72

4 International Trade 81

4.1 The Theory of Comparative Advantage 82

4.2 Ricardo on the Corn Laws 88

4.3 Ricardo and His Critics 93

4.4 The Politics of Trade 100

4.5 Ricardo's Trade Theory in the Twenty-first Century 104

5 Ricardo's Macroeconomics 107

5.1 Growth and the Stationary State 108

5.2 'Say's Law' 112

5.3 Money and Banking 120

5.4 'On Machinery' 126

6 Ricardo on Economic Policy 132

6.1 Fiscal Policy 133

6.2 Monetary Policy 142

6.3 Social Policy, Labour and the Poor 151

6.4 Ricardo, Laissez-faire and Classical Liberalism 157

7 Editors and Critics 160

7.1 The First two Generations: 1823-1870 161

7.2 Ricardo and the 'Marginalist Revolution': 1870-1936 170

7.3 Ricardo and the 'Keynesian Revolution': 1936-1975 177

7.4 Ricardo in the Age of Neoliberalism: After 1975 183

8 The Three Ricardos 186

8.1 The Marxian Ricardo 186

8.2 The Neoclassical Ricardo: From Marshall to Hollander 194

8.3 Piero Sraffa's Ricardo 201

8.4 Ricardo's Legacy 209.

Notes:

Includes bibliographical references and index.

ISBN:

9780230289963

0230289967

OCLC:

842877223