Principles of Political Economy and Taxation (Great Minds Series) - Softcover

David Ricardo

Softcover

ISBN 10: 1573921092 ISBN 13: 9781573921091

Publisher: Prometheus, 1996

Synopsis

David Ricardo (1772-1823), the founder of the classical school of economics, applied the deductive logic of the philosopher James Mill to the analysis of monetary principles. His chief work, "Principles of Political Economy and Taxation," first published in 1817, had a profound imapct and remains one of the groundworks of modern economics. Ricardo's labor theory of values, as well as his elaboration of the division of incomes, and the function of wages, rent, and trade, deeply influenced the economic philosophies of Karl Marx, John Stuart Mill, Alfred Marshall, and many others.

About this title

About the Author:

David Ricardo (1772-1823) was a British political economist, born in London. Ricardo was a political contemporary of Thomas Malthus, James Mill, and Adam Smith, with the latter's The Wealth of Nations serving as a chief inspiration for his economic studies. Ricardo's legacy is the Value Theory, which he details in his book, Principles of Political Economy and Taxation. Other well-known works by Ricardo are The High Price of Bullion, a Proof of the Depreciation of Bank Notes and Essay on the Influence of a Low Price of Corn on the Profits of Stock.

Synopsis:

Written in 1817, this famous treatise lays the groundwork for the principles of the market economy. It established the guiding ideas behind the economic concepts of diminishing returns and economic rent. As a leading master of economic principles of his time, Ricardo developed the theories now identified as distribution theory and international trade theory, or comparative advantage.

About this edition

• Publisher: Prometheus
• Publication date: 1996
• ISBN 10: 1573921092
• ISBN 13: 9781573921091
• Binding: Paperback
• Number of pages: 305