267.: ricardo to mcculloch1[Reply to 265.—Answered by 271] - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 7 Letters 1816-1818 [1816]
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The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 7 Letters 1816-1818.
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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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267.
ricardo to mcculloch
[Reply to 265.—Answered by 271]
Gatcomb Park, Minchinhampton Gloucestershire 22d. Augt. 1818
Dear Sir
After I had sufficiently enjoyed the pleasure which I derived from reading the flattering critique on my work in the last number of the Edinburgh Review, I naturally began to speculate on the probable writer of it, and immediately my suspicions fell upon you, because I had no reason to believe that any other person who was likely to be a writer in the Review so fully agreed with the doctrines which I have endeavoured to establish as yourself, excepting only my friend Mr. Mill, and he I knew had not written it.
Having at various times had reason to believe that you took a favourable view of my opinions, I settled the point at once, and felt assured that you were the person who had distinguished me so very far beyond my deserts. I know not whether I ought to thank you, but I have been exceedingly gratified. My own doctrines appear doubly convincing as explained by your able pen, and I have already heard in this retreat that those who could not understand me, most clearly comprehend you. For this service I may thank you, and I may also be permitted to express my satisfaction that I have succeeded in impressing you with the same view of the general principles of Political Economy which I myself entertain. I have not many converts of which to boast, but when I can number amongst them yourself and Mr. Mill I think mine is no mean triumph. The latter gentleman is now on a visit to me here, and I am sure you will be pleased to know that he thinks your review a masterly essay on the science, and will very much assist to disseminate correct views on a very intricate part of it.
I rather regret that you did not notice those passages, in the Review, which you think give encouragement to ministers to be profuse in the public expenditure, contrary to the general principles which are in other parts of the work maintained. They should have been noticed to have been condemned. I have only the poor apology to offer in my defence that I had no such intention, and shall be glad if the book goes to a second edition to leave such passages out, or so to modify them that they shall not bear such a construction. I am as great a friend to economy in Governments as you can wish me to be; every guinea that is spent unnecessarily I think is a public wrong, and I should therefore be sorry to give the slightest encouragement to waste and extravagance. I will not fail carefully to revise that part of my book, and shall be happy to have my attention drawn by you to the particular pages from which you think it may be inferred that my opinions are not so strong as I have now expressed them.
Before I conclude I must account for not writing to you sooner, for your letter being dated the 15th. July you might otherwise be surprised that I did not answer it before the 22d of August. Your letter, and the sheets that accompanied it, only reached me here on the 20th. inst., and consequently I had seen the published number of the Review before I received your letter. Some delay must have occurred in the conveyance of your parcel to London, for as I have a dispatch, at least once every week from Brook Street, it could not I think have been there before the 13th Augt.. I hope that business or pleasure may during the next winter call you to London, that I may have an opportunity personally to assure you of my esteem.
I am Dear Sir Very sincerely Yours
David Ricardo
J. R. McCulloch Esqr.