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The Principles of Political Economy and Taxation

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3.81  ·  Rating details ·  568 ratings  ·  26 reviews
David Ricardo (1772-1823), the founder of the classical school of economics, applied the deductive logic of the philosopher James Mill to the analysis of monetary principles. His chief work, Principles of Political Economy and Taxation, first published in 1817, had a profound impact and remains one of the groundworks of modern economics. Ricardo's labor theory of value, as ...more
Paperback, 610 pages
Published June 11th 2004 by Dover Publications (first published 1817)
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Amit Mishra
May 19, 2019 rated it really liked it
After Adam smith, one name that has changed the concept of the market economy is undoubtedly David Ricard. It's hard to believe that he was not introduced to economics even he was thirty years old.
His book political economy and taxation ahs change the discourse of many theories of economics ad paved the way for further analysis in this field. He laid the foundation of public finance and the market economy in his book.
Czarny Pies
Dec 03, 2014 rated it really liked it
Recommends it for: Anyone who has read the Wealth of Nations.
Recommended to Czarny by: Robert Barber
Shelves: political-theory
In an age where undergraduates around the world are forced, cajoled and encouraged to take a course in Keynesian economics (as presented by some vulgarizer most notably Paul Samuelson) the brilliant writing of David Ricardo is virtually unknown to the general reading public. There are two good reasons for reading Ricardo. First he proposed several important theses that were used by later economists such as Marx (in this case the labour theory of value) and Keynes (in this case the law of diminis ...more
Xander
Mar 04, 2018 rated it did not like it
This is a terrible, long-winding and boring book. Economist David Ricardo published The Principles of Political Economy and Taxation (1821) to pick up where Adam Smith - according to Ricardo - had left. The treatise is a comment on Smith (and in lesser degree Jean Baptiste Say) and it is in this antagonism that Ricardo's position becomes clear.

Ricardo advocates free trade, since every country (or economy) should produce what they produce best, according to land, skill and other environmental fac
...more
TarasProkopyuk
Jul 22, 2016 rated it it was amazing
Shelves: economics
Несмотря на свой почтенный возраст аж в целых три века книга и тогда да и сейчас является великой по своему значению.

После книги Адама Смита «Богатство народов» она стала её прекрасным дополнением и переосмыслением не только работы Смита но и Томаса Мальтуса и тем самым Давид Рикардо по достоинству считается одним из отцов не только политической экономики, но и самой экономики ка науки.

Очень советую прочитать книгу для всех кто интересуется экономикой, или просто кто хочет легко и без усилий и,
...more
Will
Feb 13, 2011 rated it really liked it
How to say it? Ricardo is at once a brilliant thinker and a rather bad writer. It is true that he manages the occasional rhetorical flourish, as when he defines rent as returns to the "original and indestructible powers" of land. But alas, the price we pay for these occasional flashes of wit is high.

While Adam Smith, the man, had a tendency to get lost in thought and wander off into the wilderness, he somewhat restrained this propensity when he put pen to paper. But Ricardo has not the self-con
...more
Mir
Apr 24, 2020 rated it really liked it  ·  review of another edition
8/10
Breinholt Dorrough
Oct 03, 2017 rated it really liked it
Ricardo’s doctrine of comparative advantage is one of the most influential economic concepts ever, and it is absolutely nontrivial. The idea that specialization in trade makes all parties better off, regardless of the absolute endowments or productivity of all trading parties, has made the world as interconnected and wealthy as it is today. In my Economics 413 course I have learned proofs that demonstrate the mathematical validity of Ricardo’s 200-year old claim. Indeed, the book was published i ...more
mohab samir
Oct 09, 2019 rated it really liked it  ·  review of another edition
Shelves: إقتصاد
يعتبر ديڤيد ريكارد من الكتاب الكلاسيكيين فى مجال الاقتصاد السياسي . العلم الذى كان لا يزال فى مهده فى الجيل التالى لآدم سميث والذى قام ريكاردو بتعديل الكثير من أهم نظرياته .
بالرغم من انى غالبا ما أجد قراءات الاقتصاد ثقيلة وغير محببة الا ان دراسة مبادىء العلم غالبا ما تكون اكثر يسرا بالاضافة الى بساطة اسلوب ريكاردو واعتماده على ضرب الأمثلة ومراعاة تعددية الرؤية للموقف او تثبيت أغلب العوامل المؤثرة لدراسة أثر عامل محدد كل فى حينه ما جعل القراءة واضحة وممتعة فى أغلب المواضيع .
يناقش الكتاب عموما نظر
...more
Kristina Vukovic
Mar 20, 2016 rated it it was amazing
Podstiče na razmišljanje, iako ima nekih "rupa".
Dan
Jul 10, 2012 rated it it was ok  ·  review of another edition
Ricardo believes in the Labor Theory of Value, which hurts his analysis. The value of something is subjective. Just because a lot of work went into producing something does not mean other people will value it more than some thing which required less labor to produce.

He is also wrong about rent. I find hard to believe that a landlord would charge no rent to use his land just because it is of the worst quality for a given use. He'll either not allow the land to be used for that use, or will put th
...more
Alasdair
The introduction to this book reads "The reader of that day probably found it hard, remote, unimaginitive; its style repellent, its treatment unsystematic, its method abstract and passionless."

I concur.
Charles
Aug 26, 2019 rated it it was ok
If you ever want to know why freshman econ got so terrible, this is the book. Airy generalities and abstract pontifications replace any real analysis or measurement. Providing an alternate explanation for a phenomenon is considered equivalent to disproving the original, no actual comparison needed.

What is the most frustrating about Ricardo is his reliance on "proof by syllogism," which is where, to prove something, he concocts an SAT-like arithmetic puzzle about the difference between Fixed vs.
...more
Matthew
Mar 05, 2020 rated it it was ok
For something that came like 40 years after Wealth Of Nations, this is a terribly written work. Not only is it almost incomprehensible in its language, but the basic claims are nonsensical (you'd think an Actual Banker would know better).

Read a summary or something, and don't bother with the original text.
Molly Clark
Oct 19, 2017 rated it it was amazing  ·  review of another edition
A challenge but worth it

Origins of economics are fascinating to me and this meets the criteria. Hard to get through but you will take away some general rules to help understand what rotates commerce
Martin Hrabal
Jul 11, 2017 rated it liked it
It is rather for fans of history of economic thought than a book which would describe economics. The value theory based on work is long disproved by marginal revolution and modern economics. But still, Ricardo together with Smith is great supporter of free trade and should be honored as such.
Lina Contreras
I don't have the authority to judge this book, but damn I had a hard time reading it
Ed Barton
Jan 12, 2019 rated it really liked it  ·  review of another edition
Economic Classic

Looking at rent theory and trade, Ricardo led the way for modern economics following Smith. A classic book that should be read by every economist.
Mario  Pérez Díaz
"El valor de los bienes producidos viene dado por el trabajo incorporado"
Caro os costó el error...
Samuel Cleophas
Believe it or not, David Ricardo is the man I look up to the most throughout history. His education was near non-existent, which is how, and why, he invented the foundations of global trade.
Eugene Kernes
Dec 29, 2016 rated it really liked it
Shelves: economics
It is the relative advantage that matters in production, not how fertile land is or the total that can be produced. The product with the comparative advantage should be exported while the comparative disadvantaged product should be bought. The reason for the comparative advantage stems from giving up less resources than another country to produce the product. The comparative advantage depends on the trading partners, as this is a comparative, also known as a relative, statistic rather than an ab ...more
Amr
Nov 19, 2010 marked it as to-read
عن جون ستيوارت ميل
http://ar.wikipedia.org/wiki/%D8%AC%D...
حين سُئِل جون ستيورت ميل: «هل أنت عالم رياضيات، أم دارس للمنطق، أم فيلسوف، أم مفكر اقتصادى، أم منظر سياسى؟» فكان رده بكل تواضع: «أنا باحث عن الحقيقة، وأثناء بحثى أجدنى على شواطئ كل هذه الحقول المعرفية»
http://www.shorouknews.com/Columns/Co...
...more
Blake Greene
Not a book one can rate on a scale of 1 - 5. It's dry. How dry? Like sand mixed with shredded wheat in a desert dry. Ricardo writes in the most laboring painful to read prose. However, this does not disregard his content which is thought provoking, researched, and worth understanding. I just wish he'd had a stylist.
Ryan Vooris
Ricardo likes to think he knows the history of early American tax laws but his sources are weak and h'se easily refuted elsewhere. Richard Atburn of New Hampshire as a defender of the crown? Please.
Robin
Oct 11, 2012 rated it liked it  ·  review of another edition
An easily accessible book, with interesting ideas. Very obvious to see how marx copies him and expands on him more than any other political economist.
Nate Osit
Essential book in understanding the value of labor.
Mark S
Aug 06, 2016 rated it liked it
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Dec 16, 2014
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