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Front Page arrow Titles (by Subject) arrow 78.: malthus to ricardo2[Reply to 77] - The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815

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78.: malthus to ricardo2[Reply to 77] - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815 [1810]

Edition used:

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.

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.


78.

malthus to ricardo2
[Reply to 77]

My dear Sir,

I should like much to join your party tomorrow, but it is out of my power. I am not sure whether I shall be in Town at the next club, and whether if I am, Mrs. Malthus will be with me. If circumstances allow of it, I shall be very happy to be with you in Brook Street.

Not having been in Town I have seen no Political Economists, and cannot therefore say anything about the reception of your pamphlet.1 The only person at all conversant with the subject, that I have heard speak of it, is Sir James Mackintosh whom I saw just before I left Town. He thought it rather difficult, and not sufficiently practical, to assist him in forming a parliamentary opinion or argument; but said that he should certainly study it if he was going to give lectures on the subject. The doctrines, he thought, wanted a more full development. From having talked with you so frequently on the subject, I made the same mistake with regard to your pamphlet, as I did with regard to my own on Rents, and fancied that things which were familiar to me would be readily intelligible to other people. I now see my error in both cases. Considering the short time you were employed about it, the essay has great merit; but it might certainly have been improved by more time and attention.

I have been intending to add a few notes to the Grounds for another edition,2 but have been so much engaged since I returned from Town that I have not yet begun.

I confess I think that the kind of calculation which I mentioned to you in Town,3 shews in what manner profits on land may rise decidedly, from the alteration in the relative value of corn, and therefore shews that general profits may be determined by the general supply of stock compared with the means of employing it, and not merely by the stock employed on the land. Nor can I yet satisfy myself either from theory or experience that profits depend solely on the price of corn. I am struck by your persevering conviction, but I cannot see the subject in the same light; and it appears to me that experience is clearly against it.

The Post is here, and I have only time to say that tho I think the country will feel considerable inconveniences, from a great fall in the price of corn, yet I should be sorry to see the measure carried in spite of such a crowd of petitions. The mob of course should not be regarded; but a neglect of such numerous petitions may in many respects be a bad precedent.1 Mrs. M desires to be remembered

Ever truly Yours

T R Malthus.

When can you come and see us again.

[2 ]Addressed: ‘D. Ricardo Esqr / Upper Brook Street / Grosvenor Square’.

MS in R.P.

[3 ]In MS ‘9th’; undoubtedly a slip, Ricardo’s party of Saturday the 11th being referred to as of ‘tomorrow’. London postmark, 11 March.

[1 ]Essay on Profits.

[2 ]Cp. below, p. 201.

[3 ]See below, p. 186–7.

[1 ]According to Lord Grey, ‘the greatest number of petitions had been presented, that had ever, perhaps, been known in the history of parliament, the petitioners uniformly stating that the measure would have the effect of preventing a cheap supply of food to the labouring classes’ (Hansard, XXX, 127).