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An unpublished letter of David Ricardo on the double standard of money

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  • Ghislain Deleplace
  • Christophe Depoortère
  • Nicolas Rieucau

Abstract

This article transcripts and comments a hitherto unpublished letter by David Ricardo, dated 19 January 1823 and addressed to Grenfell. In this letter Ricardo opposes the adoption of a double standard of money, two years after the return to convertibility of banknotes and in the midst of an economic recession that pressed for drastic monetary changes. It contains an argument -- linking the double standard of money, the seignorage on the silver coin, the behaviour of the Bank of England, and the fall in the value of the pound -- which is to be found nowhere else in Ricardo's works.

Suggested Citation

  • Ghislain Deleplace & Christophe Depoortère & Nicolas Rieucau, 2013. "An unpublished letter of David Ricardo on the double standard of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(1), pages 1-28, February.
    • Handle: RePEc:taf:eujhet:v:20:y:2013:i:1:p:1-28
    DOI: 10.1080/09672567.2011.565359
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    References listed on IDEAS

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    1. Heertje, Arnold & Weatherall, David, 1978. "An Unpublished Letter of David Ricardo: To Thomas Smith of Easton Grey, 27 April 1819," Economic Journal, Royal Economic Society, vol. 88(351), pages 569-571, September.
    2. Heertje, A & Weatherall, D & Polak, R W, 1985. "An Unpublished Letter of David Ricardo to Francis Finch, 24 February 1823," Economic Journal, Royal Economic Society, vol. 95(380), pages 1091-1092, December.
    3. Arnold Heertje, 2007. "An Unpublished Letter by David Ricardo," History of Political Economy, Duke University Press, vol. 39(3), pages 545-550, Fall.
    4. Arnold Heertje, 1991. "Three Unpublished Letters by David Ricardo," History of Political Economy, Duke University Press, vol. 23(3), pages 519-526, Fall.
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    Cited by:

    1. Ghislain Deleplace, 2020. "Orthodox versus Unorthodox Views on Ricardo’s Theory of Money," Post-Print hal-04253395, HAL.
    2. Ghislain Deleplace, 2019. "“Orthodox versus Unorthodox Views on Ricardo’s Theory of Money”," Post-Print hal-04429116, HAL.
    3. Ghislain Deleplace, 2023. "GRENVILLE'S WAR AND POST-WAR VIEWS ON MONEY IN EARLY 19 th -CENTURY BRITAIN," Post-Print hal-04429551, HAL.

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