By David Ricardo
This quantity encompasses a choice of various brief essays written for e-book within the latter a part of David Ricardo's lifestyles from 1815 to 1823. those essays comprise: An Essay at the impact of a low cost of Corn at the gains of inventory (1815), Proposals for the low cost and safe foreign money (1816), investment process (1820), On defense to Agriculture (1822), and Plan for the institution of a countrywide financial institution. the complete sequence contains: quantity 1: at the rules of Political economic climate and Taxation quantity 2: Notes on Malthus’s ideas of Political economic climate quantity three: Pamphlets and Papers 1809-1811 quantity four: Pamphlets and Papers 1815-1823 quantity five: Speeches and facts quantity 6: Letters 1810-1815 quantity 7: Letters 1816-1818 quantity eight: Letters 1819-1821 quantity nine: Letters 1821-1823 quantity 10: Biographical Miscellany quantity eleven: basic Index
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Additional info for Pamphlets & Papers,1815-1823 Vol 4
1 There cannot be the least doubt that if the corn countries could depend on the markets of England for a regular demand, if they could be perfectly secure that our laws, respecting the corn trade, would not be repeatedly vacillating between bounties, restrictions, and prohibitions, a much larger supply would be grown, and the danger of a greatly diminished exportation, in consequence of bad seasons, would be less likely to occur. Countries which have never yet supplied us, might, if our policy was fixed, afford us a considerable quantity.
They have suffered too from the inroads lately made on the sinking fund, and which, it is supposed, will be still further extended,—a measure of the greatest injustice,—in direct violation of solemn contracts; 1 for the sinking fund is as much a part of the contract as the dividend, and, as a source of revenue, utterly at variance with all sound principles. It is to the growth of that fund that we ought to look for the means of carrying on future wars, unless we are prepared to relinquish the funding system alThe reference is to Vansittart’s ‘Plan of Finance’ of 1813; see below, pp.
To be consistent then, let us by the same act arrest improvement, and prohibit importation. NOTE ON ‘ECONOMICAL AND SECURE CURRENCY’ Ricardo undertook to write the Proposals for an Economical and Secure Currency at the suggestion of Pascoe Grenfell in the summer of 1815. The latter, in May and June, had been demanding in the House of Commons measures to limit the profits which the Bank made from their transactions with the Government, and he intended to raise the matter again in the next Session.
Pamphlets & Papers,1815-1823 Vol 4 by David Ricardo