IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v39y1987i2p268-81.html
   My bibliography  Save this article

Banking between the Invisible and Visible Hands: A Reinterpretation of Ricardo's Place within the Classical School

Author

Listed:
  • Arnon, Arie

Abstract

This paper reexamines the Classical School's attitude to central banking. A novel framework relates views on central banking to positi ons on the application of free trade-specifically the Real Bills Doct rine-in determining the quantities of money and credit. This framewor k clarifies the Classical School's reservations about central banking and reveals a common error in interpreting Ricardo's position. The a uthor shows that Ricardo, in contrast to the Currency School, changed from being basically a Smithian to raising the possibility of contro lling the quantity of money: thus, in fact, paving the way to central banking. Copyright 1987 by Royal Economic Society.

Suggested Citation

  • Arnon, Arie, 1987. "Banking between the Invisible and Visible Hands: A Reinterpretation of Ricardo's Place within the Classical School," Oxford Economic Papers, Oxford University Press, vol. 39(2), pages 268-281, June.
    • Handle: RePEc:oup:oxecpp:v:39:y:1987:i:2:p:268-81
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0030-7653%28198706%292%3A39%3A2%3C268%3ABBTIAV%3E2.0.CO%3B2-U&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sylvie Diatkine, 1994. "A propos de la position de Ricardo concernant la liberté d'émission de la monnaie," Cahiers d'Économie Politique, Programme National Persée, vol. 23(1), pages 79-99.
    2. Arie Arnon, 2007. "The Early Round Of The Bullionist Debate 1800-1802: Boyd, Baring And Thornton’S Innovative Ideas," Working Papers 0714, Ben-Gurion University of the Negev, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:39:y:1987:i:2:p:268-81. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.