Ricardo's Exchange Remedy

Ricardo's Exchange Remedy

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Ricardo's Exchange Remedy, with a subtitle of "A Proposal to Regulate the Indian Currency by Making it Expand and Contract Automatically at Fixed Sterling Rates, With the aid of the Silver Clause of the Bank Act," presents a detailed plan for managing currency exchange in British India. Authored by Alexander Martin Lindsay and inspired by the economic theories of David Ricardo, this historical work delves into the complexities of maintaining stable exchange rates during a period of significant economic change. Lindsay's proposal offers a unique perspective on how to use the existing Bank Act a...