The High Price of Bullion, a Proof of the Depreciation of Bank Notes

E273502

pamphlet

"The High Price of Bullion, a Proof of the Depreciation of Bank Notes" is an 1810 pamphlet by David Ricardo that argued rising gold prices reflected the depreciation of paper currency and helped lay foundations for modern monetary theory.

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All labels observed (3)

Label	Occurrences
The High Price of Bullion, a Proof of the Depreciation of Bank Notes canonical	2
Bullionist school of thought	1
Report of the Bullion Committee	1

How this entity was disambiguated

This entity first appeared as the object of triple T2493827 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: The High Price of Bullion, a Proof of the Depreciation of Bank Notes
Context triple: [On the Principles of Political Economy and Taxation, precededBy, The High Price of Bullion, a Proof of the Depreciation of Bank Notes]

A. A Monetary History of the United States, 1867–1960
A Monetary History of the United States, 1867–1960 is a landmark economic study that analyzes the role of monetary policy and money supply in shaping U.S. economic cycles and major events such as the Great Depression.
B. A Treatise on Money
A Treatise on Money is an influential two-volume work by economist John Maynard Keynes that analyzes the functioning of monetary systems, credit, and business cycles in modern economies.
C. The Purchasing Power of Money
The Purchasing Power of Money is a seminal 1911 economics book by Irving Fisher that rigorously analyzes the relationship between money supply, price levels, and inflation.
D. Third Report on the Public Credit
Third Report on the Public Credit is Alexander Hamilton’s influential 1791 Treasury report to the U.S. Congress advocating federal support for manufacturing and industrial development as key to the nation’s economic strength.
E. A Tract on Monetary Reform
A Tract on Monetary Reform is an influential 1923 book by economist John Maynard Keynes that analyzes post–World War I inflation and advocates for pragmatic monetary policy and currency stabilization.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: The High Price of Bullion, a Proof of the Depreciation of Bank Notes
Target entity description: "The High Price of Bullion, a Proof of the Depreciation of Bank Notes" is an 1810 pamphlet by David Ricardo that argued rising gold prices reflected the depreciation of paper currency and helped lay foundations for modern monetary theory.

A. A Monetary History of the United States, 1867–1960
A Monetary History of the United States, 1867–1960 is a landmark economic study that analyzes the role of monetary policy and money supply in shaping U.S. economic cycles and major events such as the Great Depression.
B. A Treatise on Money
A Treatise on Money is an influential two-volume work by economist John Maynard Keynes that analyzes the functioning of monetary systems, credit, and business cycles in modern economies.
C. The Purchasing Power of Money
The Purchasing Power of Money is a seminal 1911 economics book by Irving Fisher that rigorously analyzes the relationship between money supply, price levels, and inflation.
D. Third Report on the Public Credit
Third Report on the Public Credit is Alexander Hamilton’s influential 1791 Treasury report to the U.S. Congress advocating federal support for manufacturing and industrial development as key to the nation’s economic strength.
E. A Tract on Monetary Reform
A Tract on Monetary Reform is an influential 1923 book by economist John Maynard Keynes that analyzes post–World War I inflation and advocates for pragmatic monetary policy and currency stabilization.
F. None of above. chosen

Statements (43)

Predicate	Object
instanceOf	pamphlet ⓘ
argument	convertibility of bank notes into specie is necessary for maintaining their value ⓘ depreciation of paper money is reflected in the foreign exchanges ⓘ excessive issuance of Bank of England notes causes depreciation of paper money ⓘ restriction of cash payments by the Bank of England contributed to monetary instability ⓘ the high market price of gold relative to its mint price indicates depreciation of paper currency ⓘ
author	David Ricardo ⓘ
authorOccupation	political economist ⓘ stockbroker ⓘ
conclusion	paper currency should be strictly limited and convertible into specie to prevent depreciation ⓘ the rise in the price of bullion is a monetary phenomenon rather than solely a wartime or trade phenomenon ⓘ
countryOfOrigin	United Kingdom ⓘ
fieldOfWork	classical economics ⓘ macroeconomics ⓘ
genre	economic treatise ⓘ political economy pamphlet ⓘ
hasContributionToField	analysis of paper money under an inconvertible regime ⓘ clarification of relationship between money supply and price level ⓘ foundation of modern monetary theory ⓘ
historicalContext	Bank Restriction Period ⓘ Napoleonic Wars ⓘ
influenced	classical monetary theory ⓘ development of quantity theory of money ⓘ later debates on the gold standard ⓘ
influencedBy	Bullionist school of thought ⓘ linked to: The High Price of Bullion, a Proof of the Depreciation of Bank Notes
language	English ⓘ
mainSubject	Bank of England ⓘ bullion ⓘ bullion controversy ⓘ currency depreciation ⓘ exchange rates ⓘ gold standard ⓘ inflation ⓘ monetary theory ⓘ paper money ⓘ price level ⓘ
positionHeld	pro-bullionist position ⓘ
publicationPlace	London ⓘ linked to: London, England
publicationYear	1810 ⓘ
relatedEvent	Bullion Committee of 1810 ⓘ
relatedWork	Principles of Political Economy and Taxation ⓘ linked to: Principles of Political Economy
timePeriod	19th century ⓘ
title	The High Price of Bullion, a Proof of the Depreciation of Bank Notes ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

On the Principles of Political Economy and Taxation → precededBy → The High Price of Bullion, a Proof of the Depreciation of Bank Notes ⓘ

The High Price of Bullion, a Proof of the Depreciation of Bank Notes → influencedBy → Bullionist school of thought ⓘ

linked to: The High Price of Bullion, a Proof of the Depreciation of Bank Notes

The High Price of Bullion, a Proof of the Depreciation of Bank Notes → title → The High Price of Bullion, a Proof of the Depreciation of Bank Notes ⓘ

Bullion Committee of 1810 → notableWork → Report of the Bullion Committee ⓘ