The Principles of Political Economy and Taxation
The Principles of Political Economy and Taxation
David Ricardo
Bill Gurley
Expanded upon [Adam Smith]'s work in developing the theory of Comparative Advantage. - Bill Gurley
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The Principles of Political Economy and Taxation

The Principles of Political Economy and Taxation

David Ricardo
By
David Ricardo
3.8
747
ratings on Goodreads

In "The Principles of Political Economy and Taxation," David Ricardo embarks on an intellectual journey that reshapes the landscape of economic theory. Published in 1817, this seminal work delves into the intricate mechanisms that underpin the economy, employing a razor-sharp deductive logic to unravel the complexities of monetary principles. Ricardo's exploration of the labor theory of value, alongside his insights into the distribution of income through wages, rent, and trade, not only cements his position as the founder of the classical school of economics but also provides the foundational framework that would influence generations of economic thought. Ricardo's masterful analysis extends beyond the mere mechanics of economic theory, venturing into the realm of political economy with a clarity and precision that was unprecedented at the time. By examining the effects of taxation on a nation's economic health and advocating for policies that encourage economic growth, Ricardo sets the stage for modern discussions on economic policy and development. His work, rich in both theoretical innovation and practical implications, has left an indelible mark on the field, shaping the ideologies of notable economists such as Karl Marx, John Stuart Mill, and Alfred Marshall. "The Principles of Political Economy and Taxation" is not just a book; it is a legacy, continuing to influence the contours of economic thought and policy to this day.

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Released
1817
1 Jan
Length
610
Pages

1

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Expanded upon [Adam Smith]'s work in developing the theory of Comparative Advantage. - Bill Gurley
— David Ricardo, The Principles of Political Economy and Taxation

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