The High Price of Bullion, a Proof of the Depreciation of Bank Notes
E273502
"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.
All labels observed (2)
| Label | Occurrences |
|---|---|
| The High Price of Bullion, a Proof of the Depreciation of Bank Notes canonical | 2 |
| Bullionist school of thought | 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]
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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.
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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.
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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.
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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 |
The High Price of Bullion, a Proof of the Depreciation of Bank Notes
self-linksurface differs
ⓘ
surface form:
Bullionist school of thought
|
| 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, England
ⓘ
surface form:
London
|
| publicationYear | 1810 ⓘ |
| relatedEvent | Bullion Committee of 1810 ⓘ |
| relatedWork |
Principles of Political Economy
ⓘ
surface form:
Principles of Political Economy and Taxation
|
| timePeriod | 19th century ⓘ |
| title | The High Price of Bullion, a Proof of the Depreciation of Bank Notes self-link ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The High Price of Bullion, a Proof of the Depreciation of Bank Notes Description of subject: "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.
Referenced by (3)
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
→
The High Price of Bullion, a Proof of the Depreciation of Bank Notes
self-linksurface differs
ⓘ
this entity surface form:
Bullionist school of thought
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
self-link
ⓘ