1st Edition

Ricardo on the Theory of Value and Money

By Susumu Takenaga Copyright 2025
236 Pages
by Routledge

236 Pages
by Routledge

236 Pages
by Routledge

This book is a renovative research work on Ricardo’s theory of value and of money, achieved through analysis of Ricardo’s original writings, made available in Sraffa’s Works . Takenaga argues that Ricardo’s economic theory should be understood as a cost theory of value. He begins by re-reading the first chapter of Ricardo’s Principles , focusing on the chapter’s theoretical structure and... Read more

Contents

Introduction

1. Structure of David Ricardo’s theory of value

2. A characterisation of Ricardo’s theory of value

3. The value of money: labour value theory and quantity theory in Ricardo’s economic theory

4. Ricardo’s plans for the reform of the monetary regime

5. Peel’s Act of 1819 and subsequent changes in monetary circulation

6. An aspect of Ricardo’s theory of money: monetary issue and economic dynamics

References

Index

Biography

Susumu Takenaga is an Emeritus Professor of Economics at Daito Bunka University, Japan. He has edited two books on David Ricardo: Ricardo and the History of Japanese Economic Thought (2016) and Ricardo on Money and Finance (2013, with Yuji Sato). This is his third book on Ricardo.