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Letters 1816-1818 Vol 7 Vol. VII by David RICARDO (2004, Trade Paperback)
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About this product
Product Identifiers
PublisherLiberty Fund, Incorporated
ISBN-100865979715
ISBN-139780865979710
eBay Product ID (ePID)65668616
Product Key Features
Number of Pages396 Pages
LanguageEnglish
Publication NameLetters 1816-1818 Vol 7 Vol. VII
SubjectSocial Scientists & Psychologists, Economics / General, Taxation / General
Publication Year2004
TypeTextbook
Subject AreaBiography & Autobiography, Business & Economics
AuthorDavid Ricardo
FormatTrade Paperback
Dimensions
Item Weight23.1 Oz
Item Length9 in
Item Width6 in
Additional Product Features
Intended AudienceCollege Audience
Dewey Edition21
Grade FromTwelfth Grade
Dewey Decimal330.15/13/092
SynopsisThis is the second volume of four volumes comprising the collection of letters found within "The Works and Correspondence of David Ricardo". It spans the years of Ricardo's life from 1816 to 1818. This period of Ricardo's life saw the development and initial defence of his most influential work "On the Principles of Political Economy and Taxation". The exchange of ideas found within this volume of letters helped shape and refine Ricardo's thoughts on the allocation of money between capitalists, landowners, and agricultural workers. The researcher will find, among these letters, useful criticisms of Ricardo, elucidations to and from Ricardo, and general ovations and concurrences. The majority of the correspondence is with noted writers with whom Ricardo shared an intellectual give-and-take on many topics of the time. Among the many luminaries found within this volume are James Mill, T. R. Malthus, and Jean-Baptiste Say., David Ricardo was born in London in 1772. His father, a successful stockbroker, introduced him to the Stock Exchange at the formative age of fourteen. During his career in finance, he amassed a personal fortune which allowed him to retire at the age of forty-two. Thereafter, he pursued a political career and further developed his economic ideas and policy proposals. A man of very little formal education, Ricardo arguably became, with the exception of Adam Smith, the most influential political economist of all time. Ricardo was the first economist to make extensive use of deductive reasoning and arithmetical models to illustrate the anticipated reactions to juxtaposed market forces and responsive human action. His modes of analysis have become identified with economics as an academic discipline. Like Smith, Ricardo believed that minimal government intervention best served an economy. His contributions to economics are numerous and include the theory of "hard money" to hedge inflation, the law of diminishing returns, developed along with his close friend the classical economist T. R. Malthus, and the labor theory of value. One of Ricardo's most significant contributions to economics is the law of comparative advantage as applied to international commerce, which grew out of Adam Smith's division of labor and has become the central argument for free trade and open markets.
LC Classification NumberHB161 .R4812
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