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The correspondence between Malthus and Ricardo began in June 1811, when, immediately following their first meeting, both of them, independently, started to write to one another.Malthus’s letter, however, reached Ricardo before Ricardo had sent his own, which he had to adapt accordingly.There are in these letters several indications of Ricardo’s friendly interest in Mill’s eldest son, John Stuart Mill, such as Ricardo’s invitation that he should come by himself to stay at Gatcomb in the summer of 1821, when he was fifteen years old.1 These are borne out by the passage in J. Mill’s in which he speaks of his connection with Ricardo: ‘My being an habitual inmate of my father’s study made me acquainted with the dearest of his friends, David Ricardo, who by his benevolent countenance, and kindliness of manner, was very attractive to young persons, and who after I became a student of political economy, invited me to his house and to walk with him in order to converse on the subject.’2 There are, however, no letters between them,3 although Ricardo’s last letter to James Mill of 5 September 1823 can be regarded as virtually directed to John, since it is entirely devoted to the discussion of a paper written by him on the measure of value.The letters of James Mill to Ricardo are in the Ricardo Papers.4 The letters which he received from Ricardo were carefully filed and docketed by James Mill.The letters within this volume span the years of Ricardo’s economic thought throughout 18. economic correspondence of Ricardo opens in 1810 when he is in his thirty-eighth year and covers the whole of his productive life as a political economist.This is the period of Ricardo’s life leading up to the publication of his Essay on the Influence of the Low Price of Corn on the Profits of Stock (1815), which formed the basis of his most significant contributions to political economics. Ricardo had four main correspondents with whom he was in constant communication over a period of years—James Mill, Malthus, MCulloch and Trower; while he maintained a less frequent exchange with Jean-Baptiste Say.First published by Cambridge University Press in 1951. It has the character of a sustained discussion, with a constant clash of two opposite viewpoints; and it is with reference to these letters that Keynes has written: ‘This friendship will live in history on account of its having given rise to the most important literary correspondence in the whole development of Political Economy.’2 The Mwhich cover a shorter period of years, reflect a relation almost of disciple to master, within which differences of opinion only occasionally arise on particular points; being mostly written previous to personal acquaintance, they are more exclusively devoted to economic matters.

We find Ricardo reporting on his work and on his reading to Mill, and these letters show another and more genial aspect of him.More detailed information about the arrangement and annotation of the letters is provided at the end of this Introduction, after some account has been given of the individual correspondents.in 1808: ‘the first of his writings which attained any celebrity’ (as John Stuart Mill writes) ‘and which he prized more as having been his first introduction to the friendship of David Ricardo, the most valued and most intimate friendship of his life.’1 Their intimacy, Ricardo tells us, however, was the consequence of the part which Ricardo took in the Bullion controversy of 1810;2 and when their correspondence begins, at the end of 1810, we find them already on terms of close friendship.In London they met regularly, at one time taking ‘almost daily’ walks together in the park,1 so that there was little occasion for letter writing.From 1814 onwards, however, both Ricardo and Mill used to be away from London during half of each year, between July and January; Ricardo going to Gatcomb Park, while Mill, together with his family, was the guest of Bentham at Ford Abbey in Devonshire, on the border of Somerset near Chard.

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First published by Cambridge University Press in 1951. Acknowledgement is also due to Mr Frank Ricardo, Mr C. It will be noticed from the table that in each of the four main series the letters from Ricardo are more numerous than those written to him.

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