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An unpublished letter of David Ricardo on the double standard of money

Author

Listed:
  • 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This article transcripts and comments a hitherto unpublished letter by David Ricardo, dated 19 January 1823 and addressed to Grenfell.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 "An unpublished letter of David Ricardo on the double standard of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(1), pages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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    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, 2019. "“Orthodox versus Unorthodox Views on Ricardo’s Theory of Money”," Post-Print hal-04429068, HAL.
    4. 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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