{"product_id":"2940150435254","title":"The High Price of Bullion: Full and Fine Text of 1810 Edition (Illustrated)","description":"The book has an active table of contents for easy access to each chapter. \u003cbr\u003e\u003cbr\u003eDavid Ricardo made essential contributions to classical economics and has been called the most influential classical economist along with Adam Smith, Thomas Malthus, and John Stuart Mill. \u003cbr\u003e\u003cbr\u003eIn addition to the theory of comparative advantage, Ricardo’s most important legacy is on the subjects of momentary theory such as metallic currency and inflation. Using the essay The High Price of Bullion, he laid out the theoretical foundation of the repeal of the Bank Restriction Act of England. \u003cbr\u003e\u003cbr\u003eRicardo’s first pamphlet, The High Price of Bullion a Proof of the Depreciation of Bank Notes, was published in 1810. During The French Wars from 1792 to 1815, Bank of England printed too much paper money and caused inflation in England. In the essay, he argued in favour of a metallic currency. Ricardo further told Bank of England in the essay that inflation also affected foreign exchange rates and the flow of gold. \u003cbr\u003e\u003cbr\u003eThe Bullion Committee was appointed by the House of Commons of England in 1819. At the end, the Bullion Committee confirmed Ricardo's views and recommended the repeal of the Bank Restriction Act.\u003cbr\u003e\u003cbr\u003eThe High Price of Bullion is one of the most important articles by David Ricardo to explain the relations of currency, inflation, and gold.  He argued in the Essay that using metallic currency can lower inflation and stabilize currency and exchange rate.  \u003cbr\u003e\u003cbr\u003eThis is a must-read book for people who are also interested in the deepest thoughts and views about the core monetary subjects such as inflation, metallic currency, paper currency, and gold by David Ricardo, one of the greatest thinkers on the planet.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e","brand":"AS Team","offers":[{"title":"Default Title","offer_id":47112449196272,"sku":"2940150435254","price":1.09,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940150435254_p0.jpg?v=1763746022","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940150435254","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}