The Priciples of Political Economy (Paperback)

David Ricardo

ISBN 10: 0486434613 / ISBN 13: 9780486434612

Published by Dover Publications Inc., New York, 2004

About this Item

Paperback. This landmark treatise of 1817 formulated the guiding principles behind the market economy. Author David Ricardo, with Adam Smith, founded the "classical" system of political economy, a school of thought that dominated economic policies throughout the nineteenth century and figured prominently in the theories of John Stuart Mill and Karl Marx. A friend and colleague of James Mill, Thomas Malthus, and Jeremy Bentham - each of whom exercised a decided influence on his intellectual development - Ricardo elevated economic theory to hitherto unprecedented levels of sophistication. His clear and consistent definition of the classical system included the foundation of the tenets of diminishing returns and economic rent, which led to the doctrines known today as distribution theory and international trade theory, or comparative advantage. The Ricardian system continues to influence and inform modern economic thought, and The Principles of Political Economy and Taxation is essential reading for students of the social sciences. This landmark treatise formulated the principles behind the market economy. Its foundation of the tenets of diminishing returns and economic rent led to the doctrines of distribution theory and international trade theory. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

Seller Inventory # 9780486434612

Bibliographic Details

• Title: The Priciples of Political Economy (Paperback)
• Publisher: Dover Publications Inc., New York
• Publication Date: 2004
• Language: English
• ISBN 10: 0486434613
• ISBN 13: 9780486434612
• Binding: Paperback
• Edition: 5th or later Edition
• Condition: new

About this title

Synopsis

This landmark treatise of 1817 formulated the guiding principles behind the market economy. Author David Ricardo, with Adam Smith, founded the "classical" system of political economy, a school of thought that dominated economic policies throughout the nineteenth century and figured prominently in the theories of John Stuart Mill and Karl Marx.
A friend and colleague of James Mill, Thomas Malthus, and Jeremy Bentham — each of whom exercised a decided influence on his intellectual development — Ricardo elevated economic theory to hitherto unprecedented levels of sophistication. His clear and consistent definition of the classical system included the foundation of the tenets of diminishing returns and economic rent, which led to the doctrines known today as distribution theory and international trade theory, or comparative advantage. The Ricardian system continues to influence and inform modern economic thought, and The Principles of Political Economy and Taxation is essential reading for students of the social sciences.

About the Author

David Ricardo became a stockbroker at the age of 21 and slowly became a recognized economic scholar in England. Though he retired at 42, he spent the following years of his life concentrating on his writing and research.