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On Some Myths about Ricardo’s Theory of Money

Author

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  • Ghislain Deleplace

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

Abstract

The purpose of the chapter is to challenge two widely-held myths about Ricardo's theory of money and to suggest another view in which the relationship 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).

Suggested Citation

  • Ghislain Deleplace, 2023. "On Some Myths about Ricardo’s Theory of Money," Post-Print hal-04257033, HAL.
    • Handle: RePEc:hal:journl:hal-04257033
    Note: View the original document on HAL open archive server: https://hal.science/hal-04257033
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    References listed on IDEAS

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    1. Jean Cartelier, 1987. "Emission et valeur de la circulation chez Ricardo," Cahiers d'Économie Politique, Programme National Persée, vol. 13(1), pages 91-104.
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    1. Ghislain Deleplace, 2022. "“On Two Myths about Ricardo’s Theory of Money”," Post-Print hal-04429292, HAL.

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    Keywords

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