Principles of Political Economy and TaxationThere 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 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. |
Contents
I | vii |
II | 1 |
III | 33 |
IV | 46 |
V | 49 |
VI | 53 |
VII | 66 |
VIII | 81 |
XVIII | 177 |
XIX | 188 |
XX | 193 |
XXI | 200 |
XXII | 211 |
XXIII | 220 |
XXIV | 235 |
XXV | 240 |
IX | 100 |
X | 105 |
XI | 119 |
XII | 122 |
XIII | 126 |
XIV | 134 |
XV | 142 |
XVI | 146 |
XVII | 154 |
XXVII | 250 |
XXVIII | 258 |
XXIX | 262 |
XXX | 279 |
XXXII | 285 |
XXXIII | 287 |
XXXIV | 291 |
XXXV | 301 |
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Common terms and phrases
abundance accumulation Adam Smith additional advantage afford agriculture alteration amount Bank bounty capital employed capitalist cause circulating capital circulation circumstances cloth coin consequence consumer consumption Corn Laws cost of production cultivation currency demand for labor diminished diminution duce effect employment England equal exchangeable value expenses exportation farmer fertile fixed capital funds gold greater quantity high price importation improvements income increased labor necessary landlord lower machinery Malthus manufactured commodities market price million modities money price money rent natural price necessarily obliged obtain paid percent population Portugal price of commodities price of corn price of labor price of raw profits of stock proportion purchase quantity of labor quarters raise the price rate of profits raw produce regulated relative value revenue Ricardo rich rise of wages says seignorage sell silver society supply suppose taxation things tion value of money variations wages of labor wealth wheat whilst whole wine