2016 Reprint of 1911 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. First published in 1817, this title established Ricardo as an important political economist. He concludes that land rent grows as population increases. He also presents the theory of comparative advantage, the theory that free trade between two or more countries can be mutually beneficial, even when one country has an absolute advantage over the other countries in all areas of production. Ricardo claims in the preface that Turgot, Stuart, Adam Smith, Jean-Baptiste Say, Sismondi, and others had not written enough "satisfactory information" on the topics of rent, profit, and wages. "Principles of Political Economy" is Ricardo's effort to fill that gap in the literature. Regardless of whether the book achieved that goal, it secured Ricardo's position among the great classical economists Adam Smith, Thomas Robert Malthus, John Stuart Mill, and Karl Marx.
Product Details
ISBN-13: 9781614279815
Media Type: Paperback
Publisher: Martino Fine Books
Publication Date: 06-30-2016
Pages: 316
Product Dimensions: 6.14(w) x 9.21(h) x 0.71(d)
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.