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Product Description
Written in 1817, this famous treatise lays the groundwork for the principles of the market economy. It established the guiding ideas behind the economic concepts of diminishing returns and economic rent. As a leading master of economic principles of his time, Ricardo developed the theories now identified as distribution theory and international trade theory, or comparative advantage.
--This text refers to an alternate
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About the Author
David Ricardo became a stockbroker at the age of 21 and slowly became a recognized economic scholar in England. Though he retired at 42, he spent the following years of his life concentrating on his writing and research.
--This text refers to an alternate
Paperback
edition.
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Customer Reviews
Most Helpful Customer Reviews
18 of 21 people found the following review helpful
Format:Paperback
Ricardo was one of the leading political economists of his time, and for me, of all time. His writting style is offputting were as the ideas he expounds are remarkable. Modern economists are too eger to ignore the theories of Ricardo, and indeed many have not even read this work, however for the serious economist to understand political economy is to contemplate the importance of its beginings.
Ricardo was not only an outstanding economist, furthermore he was an active politician battling in westminster for economic reforms which would shape England for decades after his death.
I would recommend this title to anyone with a genuine interest in the history of economic thought, or indeed economists who feel that modern economics struggles to encapsulate the true interplay between social and economic issues.
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9 reviews
22 of 25 people found the following review helpful
A worthy read into the origins of the political economy
25 Mar 2000
Format:Paperback
The ideas put forward by Ricardo in this book challenges some of the ideas presented by Adam Smith in the Wealth of Nations, particularly in the principles of economic rent. Ricardo also revealed interesting insights on the subject of value in chapter 1.
To understand the text fully,it would be advisable to have read Adam Smith's Wealth of Nations, another book in the Great Minds Series, which I had also painfully digested.
Like other books in the Great Mind's series, have a good cup of coffee ready. It is a very challenging and difficult read. Nevertheless, it is a worthwhile read for those serious in understanding the foundations of the present economic systems.
35 of 42 people found the following review helpful
Raw Intelligence
7 Jan 2001
Format:Paperback
Some authors you read, and perhaps think, "I wish I'd written that!" Ricardo, like Adam Smith and John Locke, are in another league altogether. The originality of mind is stunning. Smith, Mill, Malthus and J.B. Say are all more readable, which I fear sounds like a very poor recommendation for Ricardo! Still, I was so bowled over by the originality of his theoretical line, that I forgave much slow slogging through a difficult text. His theory of rent is I think quite misguided, but is so powerfully presented that I was hard put to think how I might argue against it were Ricardo to appear before me in person. I took this book about ten pages at a time, and found it well worth the trouble.
13 of 15 people found the following review helpful
A must for the student of Social Sciences
12 Feb 2003
Format:Paperback
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.
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