Publisher's Synopsis
Observations On The Recent Pamphlet Of J. Horsley Palmer: On The Causes And Consequences Of The Pressure On The Money Market, Etc. (1837) is a book written by the famous economist David Ricardo and his son-in-law, J. R. McCulloch. The book is a response to J. Horsley Palmer's pamphlet on the causes and consequences of the pressure on the money market. In his pamphlet, Palmer argued that the Bank of England was not responsible for the financial crisis of 1837, but rather the result of external factors such as the failure of American banks and the decline in the price of cotton. Ricardo and McCulloch, however, disagreed with Palmer's conclusions and argued that the Bank of England was indeed responsible for the crisis due to its mismanagement of the money supply. The book provides a detailed analysis of the financial crisis of 1837 and its causes, as well as a critique of Palmer's arguments. It is a valuable resource for anyone interested in the history of economics and the role of central banks in financial crises.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
