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Proposals for an Economical and Secure Currency - With Observations on the Profits of the Bank of England, as They Regard the Public and the Proprietors of Bank Stock (Paperback)
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Proposals for an Economical and Secure Currency - With Observations on the Profits of the Bank of England, as They Regard the Public and the Proprietors of Bank Stock (Paperback)
Series: Cambridge Library Collection - British and Irish History, 19th Century
Expected to ship within 12 - 19 working days
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David Ricardo's work on currency was published in 1816, and this
second edition appeared in the same year. Enormously successful as
a stockbroker, Ricardo (1772 1823) was able to lead the life of a
wealthy country squire, while his intellectual interests caused him
to move in the circles of Thomas Malthus and James Mill. Written at
the urging of the Cornish businessman Pascoe Grenfell, M.P., who
shared Ricardo's interest in financial matters, this work considers
the problem of the national debt, in the context of paper money and
whether it should in principle be exchanged at face value for gold
bullion rather than for minted coins. Ricardo was very concerned at
the large profits being made by the Bank of England in its dealings
with the government, and suggests here the creation of an
independent central bank, a proposal to which he later returned."
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