It was only after the Meiji Restoration in the mid-nineteenth century that various kinds of economic thought, including that of Ricardo, came to disseminate in Japan. To know such a particular historical process may be instrumental in understanding the actual state of Ricardo studies in Japan....

What is to be underlined in characterizing the Ricardo’s quantity theory, is that it is a theory of determination of the value of money in a particular situation where money, whatever the form may be, shall be prevented from freely entering or leaving circulation. For Ricardo, the regulation...