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“On Two Myths about Ricardo’s Theory of Money”

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  • Ghislain Deleplace

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

Abstract

The purpose of the paper is to challenge two widely-held myths about Ricardo's theory of money and to suggest 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). Publication: Deleplace, G. (2023 b), "On Some Myths about Ricardo's Theory of Money," in King, J. E. (ed.), The Anthem Companion to David Ricardo, London: Anthem Press: 9-28. hal-04257033

Suggested Citation

  • Ghislain Deleplace, 2022. "“On Two Myths about Ricardo’s Theory of Money”," Post-Print hal-04429292, HAL.
    • Handle: RePEc:hal:journl:hal-04429292
    Note: View the original document on HAL open archive server: https://hal.science/hal-04429292
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    References listed on IDEAS

    as
    1. Ghislain Deleplace, 2020. "Orthodox versus unorthodox views on Ricardo’s theory of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 27(6), pages 819-836, November.
    2. Jean Cartelier, 1987. "Emission et valeur de la circulation chez Ricardo," Cahiers d'Économie Politique, Programme National Persée, vol. 13(1), pages 91-104.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Ricardo David Money Standard of money Quantity theory of money Monetary policy;

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