A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

Shiozawa's result saves Mankiw from his slip. Ricardian equivalence
Another idea associated with Ricardo is Ricardian equivalence an argument suggesting that in some circumstances a government's choice of how to pay for its spending (i. The first chapter serves merely as an introduction to a long book that debates an extended series of comparisons and which contrasts the various points of view while outlining Ricardo's own reasoning.

g. He was often credited with systematizing economics and was one of the most influential of the classical economists along with Thomas Malthus Adam Smith and John Stuart Mill.