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Pamphlets and Papers 1809-1811
Paperback
Series: Works and Correspondence of David Ricardo, Book 3
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ISBN13: 9780865979673
Publisher: Liberty Fund Inc
Published: Oct 29 2004
Pages: 445
Weight: 1.60
Height: 1.10 Width: 6.00 Depth: 9.00
Language: English
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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