 William Ackworth's 1925 study on "Financial Reconstruction in England, 1815–1822", argued that it was the government and the Bank of England's severe deflationary policy which exacerbated the troubles associated with the shift from a wartime to a peacetime economy.Economists like David Ricardo criticized the Bank's actions as the result of ignorance.However, later academics have maintained that the Bank was not ignorant, but angry over the government's effort to restrict its autonomy and limit its control over its level of liabilities.