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The Principles of Political Economy and Taxation Paperback – June 11, 2004

by David Ricardo (Author)

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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.

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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. --This text refers to an alternate Paperback edition.

Paperback: 320 pages
Publisher: Dover Publications; 5.12.2004 edition (June 11, 2004)
Language: English
ISBN-10: 0486434613
ISBN-13: 978-0486434612
Product Dimensions: 0.8 x 5 x 8.2 inches
Shipping Weight: 10.6 ounces (View shipping rates and policies)
Average Customer Review: 33 customer reviews
Amazon Best Sellers Rank: #221,526 in Books (See Top 100 in Books)
- #327 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Political Economy
- #408 in Books > Business & Money > Economics > Theory

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Comments on CreateSpace Edition

ByGrahamon February 2, 2012

Format: PaperbackVerified Purchase

This Maestro Reprints (aka CreateSpace) text is a reprint of the 1st Edition of Ricardo's work.

Ricardo's ideas on political economy, especially on labor value, rent and comparative advantage, were extremely influential in the evolution of classical economics and deserve careful reading. However Ricardo's initial discussion of labor value contained some significant issues, and Ricardo made considerable revisions to this section in the 3rd Edition, as well as other scattered changes. For a modern reader trying to understand Ricardo's ideas, it is probably best to start with the 3rd Edition, as best representing his final position.

The Maestro Edition also contains some significant typos in tables in the first and second chapters. This causes conflicts between the tables and the text.

After realizing these issues with the Maestro/CreateSpeace version, I switched to the Liberty Fund version, which is based on a scholarly UK edition sponsored by the Royal Economic Society. That text is based on Ricardo's 3rd Edition, but also includes footnotes or appendices with the text from earlier editions for any revised sections.

Based on what I've seen, I'd definitely recommend the Liberty Fund version as the better text.

0Comment 9 people found this helpful. Was this review helpful to you?YesNo

Unavoidable

ByAmazon Customeron March 3, 2016

Format: Kindle EditionVerified Purchase

Unavoidable. It is one of the most important books which intends to explain the origin and development of the burgueois capitalist state, market economy and the relation between them. The extension of the taxation system, before and after this epoch, is only limited by the capitalists necessities and becomes the most important tool in the definition of classes struggle.

0Comment 2 people found this helpful. Was this review helpful to you?YesNo

Another step into understanding economics-a VERY worthwhile read

BySareinharton March 15, 2010

Format: PaperbackVerified Purchase

I got this book, well frankly because I wanted to read John Maynard Keynes' General Theory. I got 2 pages into it and realized that I needed to do a little more background work. Keynes referred to Ricardo a bunch in those first few pages, so I skipped to this book.

I am VERY glad that I read Adam Smith's "Wealth of Nations" before I read this book. Ricardo constantly refers back to it. He also refers to Malthus, Buchannan and Say alot. I did learn a great deal in this book-and he proved very effectively some points that seemed counter-intuitive to me. There are a few things that I still don't agree with, but I recognize this as a the next step down the road to modern economics.

The language in this book was more "modern english" than "The Wealth of Nations" but still not what I would consider entirely modern. Another thing that made this book a little more readable was the lack of long digressions on various things. Ricardo's examples were short and very illustrative. "The Wealth of Nations" was laced with Enlightenment philosophy which really made my little libertarian heart flood with joy. There was none of that, here. Very much more like a text book.

The reason I knocked off a star was Ricardo's habit of taking great pains to explain in great detail how this or that would happen under this or that circumstance...and then in 1 paragraph at the end explain why this would never actually happen, or explain why he didn't really mean what it sounded like he was saying. Frustrating.

Overall, a good and very worthwhile read. Don't expect to be entertained-but expect to learn something.

22 comments 6 people found this helpful. Was this review helpful to you?YesNo

Very well-edited book

ByJames Smithon June 4, 2011

Format: Kindle EditionVerified Purchase

Mr. Davies one-star review almost scared me away, but I took a chance on this anyway. I'm happy to say that this free Kindle edition, ASIN: B004TPGM3G, now has no problems. I've seen no scanning errors and it has a linked table of contents, linked footnotes, and linked index. It would be hard to find a more flawless eBook.

The only complaint I can make is that the table of contents does not show up on the Kindle "Go To" page. I've found this to be a common problem. Nevertheless, the TOC is there and can be bookmarked for reference if you need to return to it frequently.

(BTW, I thank Davies for his negative review. It was probably his review that prompted the publisher to clean this edition up.)

0Comment 8 people found this helpful. Was this review helpful to you?YesNo

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Most recent customer reviews

Brilliant despite well-known flaws

The greatest strength of Ricardo's famous text may be that nearly every chapter addresses an issue which has remained at the center of controversy for centuries since.Read more

Published 6 months ago by Derek Zweig

Classic Book for Political Economy

I read this book for a paper I wrote on David Ricardo. Almost everything you need to understand Ricardo's ideas are in this book.Read more

Published 12 months ago by Tallon Howie

Reading Ricardo: Or, Archeologies of the Possible

Although he was one of the founders of "classical" political economy, a yen to read David Ricardo definitively stamps one as heterodox today.Read more

Published 1 year ago by Jeffrey Rubard

Better than valium

I found this to be a very tiresome read, very repetitive and largely irrelevant in the modern era.

Published 1 year ago by Phil Toop

Four Stars

VERY GOOD

Published 1 year ago by saac

Almost new, better than described

Cover had a crease. The pages were new, with no markings. Except for slight cover blemish, looks like a new book.

Published 1 year ago by Teddy S

How do taxation policies affect production?

A seminal work on governmental policies and Western thought. Ricardo is a major influence on those that followed him.

Published on August 9, 2015 by Michael Wood

A Reference Book for me in my Study of Marxian Economics

I obtained this book while I was living in Memphis in 1972. The book was purchased at the Blue and Gray Bookstore near the campus of Memphis State University (now called the...Read more

Published on March 13, 2015 by Brian Wayne Wells

Three Stars

Dull and

Published on March 10, 2015 by B barkley

Five Stars

Good!

Published on January 4, 2015 by HyunDong Cho

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