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Front Page arrow Titles (by Subject) arrow ADDRESS ON THE KING'S SPEECH AT THE OPENING OF THE SESSION 5 February 1822 - The Works and Correspondence of David Ricardo, Vol. 5 Speeches and Evidence

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ADDRESS ON THE KING’S SPEECH AT THE OPENING OF THE SESSION 5 February 1822 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 5 Speeches and Evidence [1819]

Edition used:

The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 5 Speeches and Evidence 1815-1823.

Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.)

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


ADDRESS ON THE KING’S SPEECH AT THE OPENING OF THE SESSION
5 February 1822

The King’s speech was delivered this day. On the motion for the address, Mr. Hume moved an amendment recommending a reduction of expenditure, on the grounds that the excessive taxation was ‘a principal cause’ of the agricultural distress.

Mr. Ricardo, though he agreed with everything that had fallen from his hon. friend, the member for Aberdeen,1 in favour of economy and retrenchment, could not vote in favour of his amendment, as he differed widely from his hon. friend as to the causes of the existing agricultural distress. His hon. friend stated, that the cause of that distress was excessive taxation; but the real cause, it could not be denied, was the low price of agricultural produce. That taxation should be the cause of low prices was so absurd and so inconsistent with every principle of political economy, that he could not assent for a moment to the doctrine. Agreeing, however, as he did, with his hon. friend, as to the necessity of economy and retrenchment, and as to the impropriety of making loans to the occupiers of lands, he was sure they would be frequently found, in the course of the session, pursuing together that necessary object, a reduction of expenditure and taxation.

The amendment was negatived.

[1 ]Mr. Hume.