Book DescriptionThe 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 озынп 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.  От издателя2005 г ISBN 0521844746.