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.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
