This book offers a new account of David Ricardos political economy that is both scholarly and accessible. It provides an up to date overview of the secondary literature on Ricardo, and discusses alternative perspectives on his work, including those of Marxians, neoclassicals and Sraffians. The book makes a critical assessment of the new views of Ricardos politics, his macroeconomics and his theory of wages, and links his writings to current controversies on fiscal and monetary policy, including Ricardian equivalence, fiscal austerity and the case for an independent central bank. Successive chapters deal with Ricardos life and times; his vision, including his philosophical and political ideas; his theory of value and distribution; international trade and the case against protection; Ricardos macroeconomics, focusing on Says Law, money and banking, and structural unemployment; his approach to fiscal policy, monetary policy, the relief of poverty and classical liberalism; his editors and critics, 1823-2013; and the alternative interpretations of Ricardos economics of Marx, Marshall and Sraffa. There is a comprehensive bibliography.
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Ekonomia i biznes