Title: Works and Correspondence of David Ricardo : Pamphlets and Papers 1809-1811
Publisher: Liberty Fund, Inc.
Publication Date: 2004
Language: English
ISBN 10: 0865979677
ISBN 13: 9780865979673
Binding: Soft cover
Edition: 3rd Edition
Condition: New

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Synopsis

This volume focuses on Ricardo’s shorter essays printed in the Morning Chronicle, which deal exclusively with his thoughts on the inflationary monetary policy of the Bank of England and Britain’s consequent Bullion Crises. In these essays, the genesis of Ricardo’s theory of “hard money” emerges as a tool to hedge against inflation using metallic currency. The Bullion Committee, created by the House of Commons in 1819, subsequently adopted his recommendations. His writings here gave rise to the currency school of hard money.

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