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Orthodox versus Unorthodox Views on 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 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.

Suggested Citation

  • Ghislain Deleplace, 2020. "Orthodox versus Unorthodox Views on Ricardo’s Theory of Money," Post-Print hal-04253395, HAL.
    • Handle: RePEc:hal:journl:hal-04253395
    DOI: 10.1080/09672567.2020.1776358
    Note: View the original document on HAL open archive server: https://hal.science/hal-04253395
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    References listed on IDEAS

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    1. Ghislain Deleplace & Christophe Depoortère & Nicolas Rieucau, 2013. "An unpublished letter of David Ricardo on the double standard of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(1), pages 1-28, February.
    2. Maria Cristina Marcuzzo & Annalisa Rosselli, 1994. "Ricardo's Theory of Money Matters," Revue Économique, Programme National Persée, vol. 45(5), pages 1251-1268.
    3. Depoortère, Christophe, 2015. "Two Unpublished Letters By David Ricardo On A Monetary Pamphlet By Samuel Tertius Galton," Journal of the History of Economic Thought, Cambridge University Press, vol. 37(3), pages 341-361, September.
    4. Marcuzzo, Maria Cristina, 2014. "On The Notion Of Permanent And Temporary Causes: The Legacy Of Ricardo," Journal of the History of Economic Thought, Cambridge University Press, vol. 36(4), pages 421-434, December.
    Full references (including those not matched with items on IDEAS)

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