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Ricardo and Thornton on the Transfer Mechanism

Herbert G. Grubel

Yale University

Quarterly Journal of Economics 1961

I. Scope of paper, 292. — II. Basic gold standard model introduced by Hume, 293. — III. Extension of basic model by Ricardo, 294. — IV. Thornton's refinements of theory, 297. — V. Working of models under paper standard, 298. — VI. Analysis of subsidy payments in both models, 300. — VII. Conclusion, 301.

DOI
10.2307/1884203
Volume
75 (2)
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