Synopsis
David Ricardo was born in London in 1772. His father, a successful stockbroker, introduced him to the Stock Exchange at the formative age of fourteen. During his career in finance, he amassed a personal fortune which allowed him to retire at the age of forty-two. Thereafter, he pursued a political career and further developed his economic ideas and policy proposals. A man of very little formal education, Ricardo arguably became, with the exception of Adam Smith, the most influential political economist of all time.
Ricardo was the first economist to make extensive use of deductive reasoning and arithmetical models to illustrate the anticipated reactions to juxtaposed market forces and responsive human action. His modes of analysis have become identified with economics as an academic discipline.
Like Smith, Ricardo believed that minimal government intervention best served an economy. His contributions to economics are numerous and include the theory of “hard money” to hedge inflation, the law of diminishing returns, developed along with his close friend the classical economist T. R. Malthus, and the labor theory of value.
One of Ricardo’s most significant contributions to economics is the law of comparative advantage as applied to international commerce, which grew out of Adam Smith’s division of labor and has become the central argument for free trade and open markets.
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Works and Correspondence of David Ricardo, Volume 09
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Works & Correspondence of David Ricardo, Volume 09 (Paperback)
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Paperback. Condition: new. Paperback. The letters in this volume continue to cover Ricardo's correspondence while a member of the House of Commons and provide subtle refinements and elaborations to his political economic thoughts. This volume includes a complete index to volumes 6 through 9, which contain Ricardo's correspondence. The index is cross-referenced by name and topic. Ricardo's letters remain a permanent legacy to the development of his many contributions to the political economy and a record of his endearing friendships. The letters in this volume continue to cover Ricardo's correspondence while a member of the House of Commons and provide subtle refinements and elaborations to his political economic thoughts. This volume includes a complete index to volumes 6 through 9, which contain Ricardo's correspondence. The index is cross-referenced by name and topic. Ricardo's letters remain a permanent legacy to the development of his many contributions to the political economy and a record of his endearing friendships.The entire series includes: Volume 1 "On the Principles of Political Economy and Taxation" Volume 2 "Notes on Malthus's Principles of Political Economy" Volume 3 "Pamphlets and Papers 1809-1811 " Volume 4 "Pamphlets and Papers 1815-1823" Volume 5 "Speeches and Evidence" Volume 6 "Letters 1810-1815" Volume 7 "Letters 1816-1818" Volume 8 "Letters 1819-1821" Volume 9 "Letters 1821-1823" Volume 10 "Biographical Miscellany" Volume 11 "General Index" Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780865979734
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Paperback. Condition: New. The letters in this volume continue to cover Ricardo's correspondence while a member of the House of Commons and provide subtle refinements and elaborations to his political economic thoughts. This volume includes a complete index to volumes 6 through 9, which contain Ricardo's correspondence. The index is cross-referenced by name and topic. Ricardo's letters remain a permanent legacy to the development of his many contributions to the political economy and a record of his endearing friendships. Seller Inventory # LU-9780865979734
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Paperback. Condition: New. The letters in this volume continue to cover Ricardo's correspondence while a member of the House of Commons and provide subtle refinements and elaborations to his political economic thoughts. This volume includes a complete index to volumes 6 through 9, which contain Ricardo's correspondence. The index is cross-referenced by name and topic. Ricardo's letters remain a permanent legacy to the development of his many contributions to the political economy and a record of his endearing friendships. Seller Inventory # LU-9780865979734
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Letters 1821-1823
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