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The Principles of Political Economy and Taxation (Dover Value Editions)
Average customer rating: 4 out of 5 stars
  • Is it over yet?
  • Principles of Political Economy and Taxation by Ricardo
  • Told the truth
  • Divers Typos
  • A must for the student of Social Sciences
The Principles of Political Economy and Taxation (Dover Value Editions)
David Ricardo
Manufacturer: Dover Publications
ProductGroup: Book
Binding: Paperback

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ASIN: 0486434613

Book Description

This landmark treatise of 1817 formulated the guiding principles behind the market economy. Author Ricardo, with Adam Smith, founded the classical system of political economy, a school of thought that dominated economic policies throughout the 19th century and figured prominently in the theories of John Stuart Mill and Karl Marx.

Download Description

Ricardo's classic development of his ideas in economics

Customer Reviews:

3 out of 5 stars Is it over yet?.......2006-01-22

I don't want to insult Ricardo. He was unequivocally brilliant. But this book was painful to read. Granted, I am not an economist, so maybe this just wasn't for me. I found it dry and devoid of all emotion. I understand that it is intended to educate and to promote an economic theory, not to entertain, but God man, show your readers some mercy! I am a firm believer that if a book is too boring to read, the author's message will never get out, regardless of its merits.

5 out of 5 stars Principles of Political Economy and Taxation by Ricardo.......2003-10-29

This work is a masterpiece of economic theory only second to
the Wealth of Nations by Adam Smith. Ricardo states that value
is a function of effort and not the price paid for labor. He
reminded us that labor plus the tools to assist labor affected
the creation of value. Therefore; increases in value were in
direct proportion to increments in labor. Value was also a
function of the time it took to bring the goods to market.
Surprisingly, the cultivation of inferior land resulted in a

higher exchangeable value of raw produce because more labor
was required in its production. If we become more efficient in
land cultivation, rents will go down because more can be
cultivated with less land. In addition, the exchangeable value
of commodities is undisturbed by natural or accidental causes.
Laborers derive their greatest pleasure when the market price
of labor exceeds the natural price. Therefore; wages will
increase in response to increases in the demand for labor.
Rises in rent are accompanied by increments in the share of
produce because landlords want more rent when harvests are
greater. Accordingly, the price of corn is a function of the labor to produce it. If wages go down, then prices must fall.
As the price of labor goes down, profits increase but the
price of the commodity may not go down. Taxes on profits
tend to increase the price of a commodity . If money is not
taxed, then all commodities will be subject to price increases.
Ultimately, a tax on land begets a tax on produce. In addition,
a tax on labor will raise its price. In addition, the price of
provisions determine the price paid to the worker. If money
decreases in value, all commodities will be subject to steep
price increases. This was seen in modern times with the
fluctuation of the Russian currency. Ultimately, bounty
lowers the price to foreigners because the government subsidizes
the bounty paid to the local merchants to stimulate trade.
The theory of rent transfers value but does not create it.
Ultimately, wages are determined by the price of food and
cost of production.

This theory of wages differs from Adam Smith who said that
wages were a function of the ease or hardship to do work, the
difficulty or expense of learning a trade, the constancy
of employment, the trust reposed in the workmen, the probability
of success or failure of the venture or the fear of misfortune.
David Ricardo's work is an important milestone in the theory
of economics and comparison to the work of Adam Smith.

5 out of 5 stars Told the truth.......2003-08-18

David Ricardo was never one to mince words.
"The opinion entertained by the labouring class, that the employment of machinery in frequently detrimental to their interests, is not founded on prejudice and error, but is comfortable to the correct principles of political economy." Unlike today, the ruling class and their intellectuals of the 19th Century were not affraid to say what they were up to.

2 out of 5 stars Divers Typos.......2003-03-04

The publisher should be convinced that the automatic spell checker should not be so heavily relied upon. The cover art is an expression of how an armchair graphic artist can be innovative with Photoshop. If a book of such high esteem be put out for public enrichment its presentation should not be so insincere.

5 out of 5 stars A must for the student of Social Sciences.......2003-02-12

Along with Adam Smith, the Englishman David Ricardo is one of the fathers of the so-called Classics school of economic thought, and the Principles is his major opus, one he was very much reluctant to write, but only did so at the urgings of James Mill and his son John. Written in the first half of the 19th victorian century, he was nonetheless, a very freed mind, who did not accept or indulge in the extravagancies of the beginning of the industrialization proccess in England. To David Ricardo, Karl Marx owes a good share of his theory of labour, something essential in the labour movements of then. The concepts adapted and created by David Ricardo is transported to the text in a dry and concise style, not too much worried in polemics, but only interested in address the topics he raises in a very precise way. IF you are a student of Social Sciences, this book is a must.
Principles of Political Economy and Taxation
Average customer rating: Not rated
    Principles of Political Economy and Taxation
    David Ricardo
    Manufacturer: Adamant Media Corporation
    ProductGroup: Book
    Binding: Paperback

    Economic HistoryEconomic History | Economics | Business & Investing | Subjects | Books
    Business, Law & PoliticsBusiness, Law & Politics | Historical Reproductions | Formats | Books
    ASIN: 054395823X
    Release Date: 2001-06-21

    Book Description

    Edited by E.C.K. Gonner. This Elibron Classics book is a facsimile reprint of a 1908 edition by George Bell and Sons, London.
    Principles of Political Economy and Taxation
    Average customer rating: Not rated
      Principles of Political Economy and Taxation
      David Ricardo
      Manufacturer: Cosimo Classics
      ProductGroup: Book
      Binding: Paperback

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      ASIN: 1596059273

      Book Description

      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
      On the Principles of Political Economy, and Taxation
      Average customer rating: Not rated
        On the Principles of Political Economy, and Taxation
        David Ricardo
        Manufacturer: Penguin
        ProductGroup: Book
        Binding: Paperback
        ASIN: B000OJ2BU4
        Principles of Political Economy and Taxation
        Average customer rating: Not rated
          Principles of Political Economy and Taxation
          David Ricardo
          Manufacturer: Synergy International of the Americas, Ltd
          ProductGroup: Book
          Binding: Hardcover

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          ASIN: 9997995058

          Book Description

          This book, first published in 1817 is the most important writing of David Ricardo. Ricardo, was the founder of the classical school of economics and his writings are a foundation for modern economics. His theory of value as well as the function of wages and trade had a great influence on the economic philosophies of Karl Marx, John Stuart Mill and many others. A must reading for those who want to understand economics. A Collector's Edition.
          On the Principles of Political Economy and Taxation
          Average customer rating: 5 out of 5 stars
          • Brian Wayne Wells, Esquire, reviews Principles of Pol. Econ
          On the Principles of Political Economy and Taxation
          David Ricardo
          Manufacturer: Georg Olms Publishers
          ProductGroup: Book
          Binding: Hardcover

          GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
          ASIN: 3487063115

          Customer Reviews:

          5 out of 5 stars Brian Wayne Wells, Esquire, reviews Principles of Pol. Econ.......1998-01-18

          David Ricardo was an English economist who simplified and refined Adam Smith's theory of working capitalism outlined in "Wealth of Nations." The present book, "Principles of Political Economy and Taxation" written in 1817 was Ricardo's most important work.

          Ricardo strips away all of Adam Smith's assumptions that the owners of the means of production in society had any inherent right to profit from the labor of the working masses. Indeed, Ricardo laid out the conflict in modern capitalist society as clearly as anyone before or since his time. For Ricardo, the struggle in society was very plain. Capitalists made money off the surplus value created by workers, plain and simple. Therefore, capitalists needed to take as much of the surplus value as they possibly could with out any need for philosophical shilly-shallying. Capitalists need to recognise that their interests conflicted directly with the workers before it was too late. To increase profits capitalists should understand that they needed to reduce wages. Ricardo was elected to the pre-reform Parliament in 1819.

          Strategy or Principle?: The Choice Between Regulation and Taxation
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            Strategy or Principle?: The Choice Between Regulation and Taxation
            Mark Gregory Kelman
            Manufacturer: University of Michigan Press
            ProductGroup: Book
            Binding: Hardcover

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            ASIN: 0472110470

            Book Description

            Governments may choose to meet perceived social problems either through regulatory mandates or the public provision of a good that is funded by broad-based taxes. Contrary to an emerging conservative consensus in the "property rights" movement, Strategy or Principle? argues, first, that the constitution permits broad use of regulations and, second, that the use of regulation may be the better policy choice.
            Strategy or Principle? addresses a critical issue in law, public administration, and public finance: When is it both prudent and constitutionally permissible to meet social aims by requiring that private parties take certain steps to meet that aim? Alternately, when is it appropriate for the government to use the money it raises through general taxation to fund programs that meet these aims?
            Regulations have been criticized in "property rights" literature on the grounds that it violates the constitution by limiting the ability of property owners to use their property without compensation. These theorists argue that the government must directly fund these programs. Kelman argues for regulations and "regulatory taxes" in some situations. However, he criticizes an undue reliance among certain political progressives on regulation, arguing that the allocation of social benefits may be irrational if those who are benefited by regulation are thought to have some sort of moral priority to the money implicitly spent on improving their condition over those who receive funds through tax-and-spend programs.
            Strategy or Principle? will be of interest to students and scholars of constitutional law, public finance, political science, and legislation and administration.
            Mark Kelman is William Nelson Cromwell Professor of Law, Stanford University Law School.
            PRINCIPLES OF POLITICAL ECONOMY AND TAXATION.
            Average customer rating: Not rated
              PRINCIPLES OF POLITICAL ECONOMY AND TAXATION.
              David. Ricardo
              Manufacturer: Bell
              ProductGroup: Book
              Binding: Hardcover
              ASIN: B000HL766S
              Principles of Political Economy and Taxation
              Average customer rating: Not rated
                Principles of Political Economy and Taxation
                David Ricardo
                Manufacturer: Cosimo Classics
                ProductGroup: Book
                Binding: Hardcover

                Economic HistoryEconomic History | Economics | Business & Investing | Subjects | Books
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                ASIN: 1596059419

                Book Description

                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 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.
                The principles of Political Economy and Taxation -
                Average customer rating: Not rated
                  The principles of Political Economy and Taxation -
                  David Ricardo -
                  Manufacturer: Charles Tuttle Publishing-
                  ProductGroup: Book
                  Binding: Paperback
                  ASIN: B000OMGW88

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