There can be no rise in the value of labor without a fall of profits. If the corn is to be divided between the farmer and the laborer, the larger the proportion that is given to the latter the less will remain for the former -from "On Value" Friend to, colleague of, and influence on the likes of James Mill, Jeremy Bentham, and Thomas Malthus, revolutionary British writer DAVID RICARDO (1772-1823) was one of the foundational thinkers of classical economics, developing theories of rent, wages, profits, value, and labor that continue to dramatically impact economic philosophy today. Principles of Political Economy and Taxation, first published in 1817, is his major work. Here, he introduces the concept of comparative advantage, explores the impact of taxes, examines the effects of accumulation of profits and interest, discusses trade, currency, and banks, and much more. ALSO FROM COSIMO: Ricardo's Classics of Economics: The High Price of Bullion and An Essay on Profits
Principles of Political Economy and Taxation
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3 of 3 people found the following review helpful:
5.0 out of 5 stars
Should be mandatory reading in high school,
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This review is from: Principles of Political Economy and Taxation (Paperback)
If you seek to understand the concepts of finance, money, banking, taxation, labor, profit and value, then this is a necessary read. Ricardo's work is clear and concise and further explains the numerous concepts covered by economists like Adam Smith and Karl Marx. If you are interested in money and value, you must read this book, period.
6 of 13 people found the following review helpful:
5.0 out of 5 stars
Pre - Capital,
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This review is from: Principles of Political Economy and Taxation (Paperback)
As you know that Das Capital changed all paradigm of economy of 19th century and "Principles of Political Economy and Taxation" was the main road source in this process. Contrarily Adam Smith, Ricardo tried to bring to light shape of labor, capital and international trade. I think he was the founder of heterodox economy.
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First Sentence:
It has been observed by Adam Smith that "the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of mat object conveys. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
ural price, raw produce, corn rent, exchangeable value, gross produce, usual profits, comparative quantity, labor bestowed, home commodities, corn rises, former price, net produce, lowering profits Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, Great Britain, Bank of England, Edinburgh Review, King of Spain, Lord Lauderdale New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
It has been observed by Adam Smith that "the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of mat object conveys. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
ural price, raw produce, corn rent, exchangeable value, gross produce, usual profits, comparative quantity, labor bestowed, home commodities, corn rises, former price, net produce, lowering profits Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, Great Britain, Bank of England, Edinburgh Review, King of Spain, Lord Lauderdale New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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