26.: malthus to ricardo 1[Reply to 25.—Answered by 27] - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815 
The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 6 Letters 1810-1815.
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malthus to ricardo
[Reply to 25.—Answered by 27]
E I Coll. Hertford [ca. 20 October 1811]
I have not been in Town since I had the pleasure of seeing you at Hertford, or I should certainly have called upon you; and the first time that Mrs. Malthus accompanies me, she will be very happy to be introduced to Mrs. Ricardo.
I am a good deal engaged at present and have therefore only been able to look over your friends pamphlet in a cursory manner. As far as I can judge from such a reading I cannot say that I think it upon the whole very good either in point of style or matter. The style appears to me to be rather heavy and laboured, too much abounding in repetitions; and with a pretension to accuracy and precision which it does not fulfill. From the introduction I concluded that I should find very accurate definitions of the words money value currency and exchange; but I did not observe any explanations of these terms calculated to give greater precision to the discussion.
With regard to the matter; though some of it is very good, and the arguments occasionally well stated, yet it appears to me to be by no means unmixed with error. A great deal of labour and time is used to prove that the value of gold is not higher in this country than on the continent; but the only supposition that can at all account for the present phenomena, independently of excessive issues, is an increased value of gold on the continent and not a greater value here, than abroad. The arguments of the author therefore on this point appear to me to be misdirected.
On the subject of the level of the precious metals all over the world, I cannot by any means agree with him, in the mode in which he has stated it; and on many minor points he does not appear to me to be right. I should not therefore upon the whole expect that it will silence many adversaries, and I had rather see something more from your own pen the effect of which I have no doubt would be considerably greater.
I will not however absolutely promise to be brought over to all your opinions even by your own good style and clear statements. For the more I have reflected on the subject of our late conversations the more I feel convinced that it is positively incorrect to state redundancy or cheapness of currency in any sense in which these terms can be fairly understood, as the sole cause of the variations of the exchange, and I feel myself compelled after the most careful and (as far as I can judge) the most impartial consideration of the subject to retain my opinion that the precious metals move for other purposes than to restore the level of currency.
I should like much to have a little more conversation with you on the subject. Can you pay us another visit soon. We shall always be most happy to see you at Hertford and if Mrs. Ricardo should feel inclined to a short country excursion Mrs. M will feel great pleasure in seeing her at the College.
I am dear Sir sincerely Yrs
T R Malthus