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A Bicentenary Review of Ricardo’s Proposals for an Economical and Secure Currency

Laskaridis, Christina

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Abstract

This year commemorates the bicentenary of one of David Ricardo’s lesser known publications, an 1816 pamphlet: Proposals for an Economical and Secure Currency. This paper explores the meaning and significance of this work and presents a variety of interpretations that have emerged about Ricardo’s monetary theory. The commonly held view is that monetary concerns were only of marginal importance to Ricardo. The paper discusses the context, content and response to Proposals in order to evaluate this commonly held view. Furthermore, the scheme Ricardo lays out in Proposals is intimately connected with international exchanges. The implications of rival interpretations of Ricardo’s monetary theory on how the balance of payments and gold movements are understood are explored.

Citation

Laskaridis, C. (2017). A Bicentenary Review of Ricardo’s Proposals for an Economical and Secure Currency. History of Economics Review, 65(1), 2-14. https://doi.org/10.1080/10370196.2016.1266727

Journal Article Type Article
Acceptance Date Nov 27, 2016
Online Publication Date Jan 17, 2017
Publication Date Jan 17, 2017
Deposit Date May 4, 2020
Publicly Available Date Sep 8, 2020
Journal History of Economics Review
Print ISSN 1037-0196
Electronic ISSN 1838-6318
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 65
Issue 1
Pages 2-14
DOI https://doi.org/10.1080/10370196.2016.1266727
Keywords Real bills doctrine, Ricardo, ingot plan, resumption, inconvertible, international adjustment, monetary theory

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© 2017 Taylor and Francis.






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