In his contributions on Ricardo’s theory of foreign trade, Christian Gehrke points out – among other issues – that: i) according to Ricardo, international prices are regulated by the natural prices in the exporting country; ii) Ricardo’s analysis refers to a situation of balanced trade, achieved through adjustments in the purchasing power of money (gold). The present paper focuses on these two points. In so doing, we intend to use, implement and discuss the model introduced in Gehrke (2015) to represent Ricardo’s ideas.
Fratini, S.M. (2026). Money Prices and Balanced Trade in Ricardo's Theory of Foreign Trade. In Heinz D. Kurz, Neri Salvadori, Richard Sturn (a cura di), The Revival of Classical Political Economy (pp. 151-162) [10.4324/9781003732631-10].
Money Prices and Balanced Trade in Ricardo's Theory of Foreign Trade
Saverio Maria Fratini
2026-01-01
Abstract
In his contributions on Ricardo’s theory of foreign trade, Christian Gehrke points out – among other issues – that: i) according to Ricardo, international prices are regulated by the natural prices in the exporting country; ii) Ricardo’s analysis refers to a situation of balanced trade, achieved through adjustments in the purchasing power of money (gold). The present paper focuses on these two points. In so doing, we intend to use, implement and discuss the model introduced in Gehrke (2015) to represent Ricardo’s ideas.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
