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. is a book written by the economist David Ricardo and his collaborator John Ramsay McCulloch in 1837. The book is a critique of the ideas presented in J. Horsley Palmer's pamphlet, which blamed the Bank of England for the financial crisis of 1836. Ricardo and McCulloch argued that the crisis was caused by a combination of factors, including excessive speculation, overproduction, and a lack of confidence in the banking system. They also criticized Palmer's proposed solutions, such as increasing the amount of gold in circulation and limiting banknote issuance. Instead, they advocated for a more laissez-faire approach, arguing that the market should be allowed to correct itself without government intervention. The book is considered an important contribution to the debate over monetary policy in the early 19th century and is still studied by economists today.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.
