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Principles of Political Economy and Taxation by David Ricardo

Principles of Political Economy and Taxation

by David Ricardo
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Book cover type: Paperback
  • ISBN13: 9788124805534
  • Binding: Paperback
  • Subject: General Books
  • Publisher: Atlantic Publishers & Distributors (P) Ltd
  • Publisher Imprint: Peacock Books
  • Publication Date:
  • Pages: 392
  • Original Price: INR 495.0
  • Language: English
  • Edition: N/A
  • Item Weight: 350 grams
  • BISAC Subject(s): N/A

There can be no rise in the value of labour without a fall of profits.

Originally published in 1817, Principles of Political Economy and Taxation remains an enduring cornerstone in the study of political economy. It navigates the interplay between economic principles and taxation, explores their individual complexities and offers readers a profound understanding of the forces shaping societal wealth and resource allocation. This seminal text illuminates fundamental economic concepts, from the theory of comparative advantage to the impact of taxation on economic dynamics, with Ricardo's characteristic analytical rigour and clarity of thought. As relevant today as it was in the nineteenth century, this book, provides a comprehensive exploration of the economic forces that govern our world.

Endorsements

a milestone in supply-side economics."

-The Washington Post

David Ricardo (1772–1823) was a trailblazing economist, instrumental in the development of classical economic theory. Born into a Sephardic Jewish family in London, England, Ricardo began his career in finance, eventually transitioning to economics after studying the works of Adam Smith and Thomas Malthus. His seminal work, Principles of Political Economy and Taxation (1817), revolutionised economic thought by introducing several foundational concepts, including the theory of comparative advantage, the labour theory of value and the law of diminishing returns. His rigorous analysis of international trade, taxation and distributional economics laid the groundwork for modern economic theory. Beyond scholarly contributions, Ricardo was also an active member of Parliament, advocating for free trade policies and economic reforms. His ideas shaped public policy debates and influenced generations of economists, earning him recognition as one of the most influential thinkers of his time. Ricardo's enduring legacy lies in his profound insights into economic principles and their practical implications for society. His work continues to inform contemporary discussions on trade, taxation and economic policy, cementing his status as a foundational figure in the history of economic thought.

Noteworthy works by David Ricardo:
  • The High Price of Bullion: A Proof of the Depreciation of Bank Notes (1810)
  • Essay on the Influence of a Low Price of Corn on the Profits of Stock (1815)
  • The Principles of Political Economy and Taxation (1817)

  • Preface
  • Original Preface
  • Advertisement to the Third Edition
  • Introduction
  • 1. On Value
  • 2. On Rent
  • 3. On the Rent of Mines
  • 4. On Natural and Market Price
  • 5. On Wages
  • 6. On Profits
  • 7. On Foreign Trade
  • 8. On Taxes
  • 9. Taxes on Raw Produce.
  • 10. Taxes on Rent
  • 11. Tithes
  • 12. Land-Tax
  • 13. Taxes on Gold
  • 14. Taxes on Houses
  • 15. Taxes on Profits
  • 16. Taxes on Wages
  • 17. Taxes on Other Commodities than Raw Produce
  • 18. Poor Rates
  • 19. On Sudden Changes in the Channels of Trade
  • 20. Value and Riches, Their Distinctive Properties
  • 21. Effects of Accumulation on Profits and Interest....
  • 22. Bounties on Exportation, and Prohibitions of Importation.
  • 23. On Bounties on Production
  • 24. Doctrine of Adam Smith Concerning the Rent of Land 250
  • 25. On Colonial Trade
  • 26. On Gross and Net Revenue
  • 27. On Currency and Banks
  • 28. On the Comparative Value of Gold, Corn, and Labour, in Rich and Poor Countries
  • 29. Taxes Paid by the Producer
  • 30. On the Influence of Demand and Supply on Prices 297
  • 31. On Machinery
  • 32. Mr. Malthus's Opinions on Rent
  • Index

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