Ricardo's macroeconomics : money, trade cycles and growth / Timothy S. Davis.

By: Davis, Timothy S, 1969-Material type: Text

TextLanguage: English Publication details: New York : Cambridge University Press, c2005. Description: xii, 316 p. ; 20 cmISBN: 0521844746 (hardback); 9780521844741Subject(s): MacroeconomicsDDC classification: 339.092 LOC classification: HB172.5 | .D38 2005Online resources: Table of contents only | Publisher description | Contributor biographical information | WorldCat details

Contents:

TOC Monetary theory and policy ; Economic growth ; The law of markets -- The business cycle of 1815 to 1818. An agricultural crisis: fall 1813 to spring 1816 ; The postwar depression: fall 1815 to spring 1817 ; Timing of the postwar depression ; The distressed state of labourers ; Economic recovery and the prosperity of 1818 ; Monetary policy of the Bank of England -- The business cycle of 1818 to 1825. Onset of the Depression of 1819-1820 ; British agriculture & manufacturing in 1819 ; The condition of the poor ; Monetary contraction and the 1819-1820 depression ; Landlords and inflationists : monetary contraction and the deflation of 1820-1822 -- Ricardo as an empirical economist. The business of loan contracting ; Contemporary sources of information ; Ricardo's interest in public policy ; Ricardo in parliament -- Ricardo's analysis of postwar events. Permanent aspect of britain's economic troubles ; Malthus' analysis of postwar conditions ; Ricardo's analysis of postwar conditions ; The role of money in postwar crises ; Non-monetary causes of low corn prices -- The law of markets. Expansionary fiscal policy ; Aggregate demand in the secular period ; Malthusian oversaving ; Monetary policy. The resumption of cash payments ; Discretionary monetary policy ; Practical applications of Ricardo's monetary theory ; Monetary response to aggregate supply shocks ; The Lender of last resort -- Ricardo as an empirical economist ; The predictive power of the Ricardian growth model ; A practical monetary policy.

Summary: Summary: "The outline of modern macroeconomics took shape in Britain in the early nineteenth century thanks, in part, to David Ricardo, the most influential economist of the time. Britain was challenged by monetary inflation, industrial unemployment, and the loss of jobs abroad. Ricardo pointed the way forward. As a financier and Member of Parliament, he was well versed in politics and commercial affairs. His expertise is seen in the practicality of his proposals, including the resumption of the gold standard, which was essential given the destabilizing policy of the Bank of England. Ricardo's expertise appears also in his debate with T. R. Malthus about whether an industrial economy can suffer a prolonged depression. Say's Law of Markets and the Quantity Theory of Money figure prominently in his works, but not in an extreme form. He was instead a subtle theorist, recognizing, among other phenomena, the nonneutrality of money, trade depressions, and unemployment."--BOOK JACKET.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode	Item holds
Text	Dr. S. R. Lasker Library, EWU Reserve Section	Non-fiction	339.092 DAR 2005 (Browse shelf(Opens below))	C-1	Not For Loan		20309

Total holds: 0

Includes bibliographical references (p. 297-310) and index.

TOC Monetary theory and policy ; Economic growth ; The law of markets --
The business cycle of 1815 to 1818. An agricultural crisis: fall 1813 to spring 1816 ; The postwar depression: fall 1815 to spring 1817 ; Timing of the postwar depression ; The distressed state of labourers ; Economic recovery and the prosperity of 1818 ; Monetary policy of the Bank of England --
The business cycle of 1818 to 1825. Onset of the Depression of 1819-1820 ; British agriculture & manufacturing in 1819 ; The condition of the poor ; Monetary contraction and the 1819-1820 depression ; Landlords and inflationists : monetary contraction and the deflation of 1820-1822 --
Ricardo as an empirical economist. The business of loan contracting ; Contemporary sources of information ; Ricardo's interest in public policy ; Ricardo in parliament --
Ricardo's analysis of postwar events. Permanent aspect of britain's economic troubles ; Malthus' analysis of postwar conditions ; Ricardo's analysis of postwar conditions ; The role of money in postwar crises ; Non-monetary causes of low corn prices --
The law of markets. Expansionary fiscal policy ; Aggregate demand in the secular period ; Malthusian oversaving ; Monetary policy. The resumption of cash payments ; Discretionary monetary policy ; Practical applications of Ricardo's monetary theory ; Monetary response to aggregate supply shocks ; The Lender of last resort --
Ricardo as an empirical economist ; The predictive power of the Ricardian growth model ; A practical monetary policy.

Summary:
"The outline of modern macroeconomics took shape in Britain in the early nineteenth century thanks, in part, to David Ricardo, the most influential economist of the time. Britain was challenged by monetary inflation, industrial unemployment, and the loss of jobs abroad. Ricardo pointed the way forward. As a financier and Member of Parliament, he was well versed in politics and commercial affairs. His expertise is seen in the practicality of his proposals, including the resumption of the gold standard, which was essential given the destabilizing policy of the Bank of England. Ricardo's expertise appears also in his debate with T. R. Malthus about whether an industrial economy can suffer a prolonged depression. Say's Law of Markets and the Quantity Theory of Money figure prominently in his works, but not in an extreme form. He was instead a subtle theorist, recognizing, among other phenomena, the nonneutrality of money, trade depressions, and unemployment."--BOOK JACKET.

Economics

Sagar Shahanawaz

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