Skip to content
Open global navigation

Cambridge University Press

AcademicLocation selectorSearch toggleMain navigation toggle

Your Cart


You have 0 items in your cart.

Register Sign in Wishlist
Look Inside Ricardo's Macroeconomics

Ricardo's Macroeconomics
Money, Trade Cycles, and Growth

$49.99 (C)

Part of Historical Perspectives on Modern Economics

  • Date Published: September 2010
  • availability: Available
  • format: Paperback
  • isbn: 9780521169271

$49.99 (C)

Add to cart Add to wishlist

Other available formats:

Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • The outline of modern macroeconomics took shape in Britain in the early nineteenth century thanks, in part, to David Ricardo, one of the most influential economists of the time. Britain was challenged by monetary inflation, industrial unemployment and the loss of jobs abroad. Ricardo pointed the way forward. As a financier and Member of Parliament, he was well versed in politics and commercial affairs. His expertise is shown by the practicality of his proposals, including the resumption of the gold standard, which was essential given the destabilizing policy of the Bank of England. Ricardo's expertise appears also in his debate with T. R. Malthus about whether an industrial economy can suffer a prolonged depression. Say's Law of Markets and the Quantity Theory of Money figure prominently in his works, but not in an extreme form. He was instead a subtle theorist, recognizing the non-neutrality of money, trade depressions and unemployment.

    • Accessible to non-specialists with an introductory chapter that explains all terminology used later in the book
    • Historical overview and appendix make the book useful for economic historians
    • Meticulously draws parallels between Ricardo's recommendations and the relevant economic and historical environment of his day
    Read more

    Reviews & endorsements

    "Davis has done a superb job of combining history of thought and economic history. We should have more studies like it." - Samuel Hollander, Ben Gurion University, Journal of Economic History

    "Timothy Davis has written a most important book.... The first two chapters of Davis's book set out the cycle as seen by Ricardo; the book goes on to analyze his account of the major incidents of the postwar period and his contribution to Say's law of markets and his analysis of whether Britain was best characterized as being subject to Say's identity or Say's equation. Davis is a strong proponent of the view that Ricardo's analysis followed Say's equation, in which general gluts can occur, rather than Say's identity, where they cannot.... Any future will need to take Davis’s analysis of the important questions into account." - Walter Eltis, Oxford University, History of Political Economy

    "Timothy Davis has produced a well researched, well written and scholarly piece of work." - Terry Peach, Manchester University, History of Economic Thought and Methodology

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: September 2010
    • format: Paperback
    • isbn: 9780521169271
    • length: 330 pages
    • dimensions: 229 x 152 x 19 mm
    • weight: 0.49kg
    • availability: Available
  • Table of Contents

    List of abbreviations
    1. Introduction
    2. The business cycle of 1815–18
    3. The business cycle of 1818–25
    4. Ricardo as an empirical economist
    5. Ricardo's analysis of postwar events
    6. The law of markets
    7. Monetary policy
    8. Conclusion
    List of abbreviations used in the appendices

  • Author

    Timothy Davis

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Back to top

Are you sure you want to delete your account?

This cannot be undone.

Cancel Delete

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.