ABSTRACT
David Ricardo’s Plan for the Establishment of a National Bank (hereinafter referred to as the Plan) was published in February 1824. In this study, Ricardo described an innovative plan for the British monetary system that he began developing after the resumption of cash payments, and continued until his death in 1823. Ricardo’s new Plan shared several features with the Ingot Plan, which he first presented in 1811 in the appendix of the fourth edition of The High Price of Bullion. The Plan concluded that the best possible method of regulating the British monetary system was to establish a national bank (hereinafter referred to as the National Bank).
