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Orthodox versus unorthodox views on Ricardo’s theory of money

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  • Ghislain Deleplace

Abstract

The orthodox view on Ricardo’s monetary theory is that it inconsistently mixes a commodity-theory of money and a quantity-theory of money. One aim of the paper is at discarding this view and at suggesting another, based on Ricardo’s distinction between a position in which money “conforms” to the standard and positions in which money depreciates or appreciates because its quantity is inadequate. The paper also shows that, in spite of differences on particular points, the basic aspects of this approach are shared by other scholars, so that one may speak of an unorthodox view on Ricardo’s theory of money.

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  • 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.
    • Handle: RePEc:taf:eujhet:v:27:y:2020:i:6:p:819-836
    DOI: 10.1080/09672567.2020.1776358
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    Cited by:

    1. Ghislain Deleplace, 2021. "From Ricardo to Sraffa: A Quest for a Modern Classical Standpoint on Money," Post-Print hal-04257009, HAL.
    2. Ghislain Deleplace, 2022. "“Storm in a Teacup? The Impact of War on the English Monetary System and Thought (1797-1821)”," Post-Print hal-04429477, HAL.
    3. Ghislain Deleplace, 2022. "“On Two Myths about Ricardo’s Theory of Money”," Post-Print hal-04429292, HAL.

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