==================== HES POSTING ==================== I have 2 questions concerning the following two extracts. I have not been able to locate a copy of Mallet's book. Can anyone verify this extract? In the Ricardo reference below, Charles Sellars cannot remember the source. Any suggestions? Mallet, J. L. 1921. Political Economy Club 67-8: In 1876, the Political Economy Club held a centenary celebration of "the Foundation of Economic Science." Chairing this meeting was Mr. Gladstone, with Mr. Lowe on one side and the French Minister of Finance Mr. Leon Say on the other. Mr. Lowe gave the first presentation. The message in his speech was that he did not feel that the future of political economy would have that much to offer: "at present, so far as my own humble opinion goes, I am not sanguine as to any very large or any very startling development in political economy." "The controversies which we now have in political economy, although they offer a capital exercise for the local faculties, are not of the same thrilling importance as those of earlier days; the great work has been done." Sellers, Charles. 1991. The Market Revolution: Jacksonian America, 1815-1846 (NY: Oxford University Press). : A Philadelphian explained to David Ricardo the tacit conspiracy not to demand specie, "The whole of our population are either stockholders of banks or in debt to them." "It is not in the interest of the first to press the banks and the rest are afraid." Anyone who demanded specie "would have been persecuted as an enemy of society." Michael Perelman E-Mail [log in to unmask] ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]