Front Page Titles (by Subject) 39.: ricardo to malthus2 - The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815
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39.: ricardo to malthus2 - 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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First published by Cambridge University Press in 1951. Copyright 1951, 1952, 1955, 1973 by the Royal Economic Society. This edition of The Works and Correspondence of David Ricardo is published by Liberty Fund, Inc., under license from the Royal Economic Society.
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ricardo to malthus2
Stock Exchge. 25th Feby. 1813
My dear Sir
I have just time, after a very busy day, to tell you that
I will endeavor to get Mr. Mushet to meet you at my house at breakfast on sunday morning. At any rate I shall expect you, and if Mushet is engaged, I shall be able to tell you whether he will meet us on monday or tuesday in the City. He is exceedingly obliging, and would I am sure not mind trouble, if he could contribute to throw light on the subject of exchanges, yet I think he will not be inclined to publish any thing under his own name as he gave great offence to the higher powers on a former occasion.1
You have clearly stated the point of difference now between us;—I think we never so well understood each other before. There are some causes which operate on the exchange which are in their nature of transitory duration,—there are others which have a more permanent character.
If we agree that a change of taste in one country for the commodities of the other,—and the transmission of a subsidy[—]will produce certain effects on the exchange, the only question between us is as to their duration. I am of opinion that they will operate for a very considerable time, and that in fact recourse is not had to bullion but as a last resort.
I cannot believe that you give a correct account of your habits of application, any more than you did of your memory when I last saw you. From all my observations I should have been led to the very opposite conclusions from those which you have formed and I believe most of your friends would be of my opinion. When you have once fairly begun I expect that you will advance at a giant’s pace.
I beg you to remember me kindly to Mrs. Malthus.
I am my dear Sir Your’s very truly
[2 ]Addressed: ‘The Revd. T. R Malthus / East India College / Hertford’; postmark, 1813.
[1 ]By his pamphlet of 1810; see above, p. 9, n. 1.