Plan for the Establishment of a National Bank.
Book details
- Title
- Plan for the Establishment of a National Bank.
- Author
- Say
- Publication year listed
- 1824
- Format
- Public domain eBook
- Reading access
- Free online reader; no registration required
- Source record
- View on Archive.org
About this book
Plan for the Establishment of a National Bank.
Author: David Ricardo (1772-1823)
Year: 1824
BY (THE LATE) DAVID RICARDO, ESQ. M . P. LONDON : JOHN MURRAY, ALBEMARLE-STREET. MDCCCXXIV. Bibliographic Information “ The Plan for the Establishment of a National Bank was published in February 1824 six months after Ricardo’s death. Ricardo started writing it at Gatcomb, where he had gone in the middle of July 1823, and it was completed by the beginning of August. On 3 August he wrote to Malthus: ‘I have been writing a few pages in favor of my project of a National Bank, with a view to prove that the nation would lose nothing in profits by abolishing the Bank of England, and that the sole effect of the change would be to transfer a part of the profits of the Bank to the national Treasury.’ His plan had first taken shape in 1815 while he was writing the Economical and Secure Currency. In a letter to Malthus of 10 September 1815 he had outlined a scheme for transferring the power to issue paper money from the Bank to independent commissioners who would also manage the National Debt and act as bankers to the Government, but he did not develop the idea at that time. A similar proposal appears to have been made by Say in 1814 in an unpublished paper which he had submitted to Ricardo.