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Publication date: 19 February 2020

Ricardo and His Contemporaries on Monetary Reform and the National Debt

Christina Laskaridis

After the end of the Napoleonic War, few issues of public policy dominated discussions in England as fervently as the issue of currency and the national debt. A time of…

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Abstract

After the end of the Napoleonic War, few issues of public policy dominated discussions in England as fervently as the issue of currency and the national debt. A time of civil unrest and social radicalisation, the circulation of ideas and pamphlets was prolific. The difficulties of post-war reconstruction sparked a long debate on issues of monetary reform and repayment of the national debt. The growth of national debt increased the size of the financial market and had important consequences for a changing class dynamic in domestic political affairs. The distributional aspects of the conflict were present, as was the satirical mockery of mishandling of public affairs. In much of the subsequent scholarship the organisation of taxation and expenditure, and the financial system and the issue of currency have been analysed as separate. This chapter brings them together. In particular, it focuses on Ricardo’s monetary thought and his views on public finance and contextualises them in light of his contemporaries.

Details

Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought
Type: Book
DOI: https://doi.org/10.1108/S0743-41542020000038A006
ISBN: 978-1-83867-699-5

Keywords

  • Public Finance
  • public debt
  • national debt
  • history of economic thought
  • Bullionist Controversy
  • David Ricardo
  • monetary reform, capital levy
  • B15
  • H63
  • H6

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Publication date: 19 February 2020

Prelims

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Details

Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought
Type: Book
DOI: https://doi.org/10.1108/S0743-41542020000038A001
ISBN: 978-1-83867-699-5

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Book part
Publication date: 19 February 2020

Introduction: Public Finance in the History of Economics: A Field on Its Own

Claire Silvant and Javier San Julián Arrupe

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Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought
Type: Book
DOI: https://doi.org/10.1108/S0743-41542020000038A003
ISBN: 978-1-83867-699-5

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