on 22 December 2004
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.
on 26 August 2013
Whilst (for me - but hey - who am I to critisise) there are a few Homer Simpson 'doh' moments in Ricardo's thinking, his underlying principles are possibly more valid today to dig a country out of recession, than they were 'in the day'. Substitue Ricardo's various types of land - and what makes each desirable to own and RUN, and you have the principles of GLOBAL eCommerce trading - comparing (say) a farmer who realises a much larger income from his land by leaving his field 'fallow' and running 'car boot sales' once a week instead, to (say) trading on eBay as a 'market full of stalls where everyone wants something for nothing, to (say) selling on Amazon in a shopping mall full of shops where the more discerning customers flock. If (and its a BIG 'if') a trading treaty was signed to join America to the British Commonwealth - big and small - and also join America to Europe, we would see the end of the recession, we would blow the heavily subsidised goods we purchase from the Far East clean out of the water, and in doing so, we would see the dearth of famine, want, and disease as all three economies 'pull together' to achieve sustainable growth for everyone. Yes Ricardo's thinking is along the lines of Adam Smith - the man responsible for the principles that made Britain the richest country in the world - but Ricardo also has some very good 'twists' to Adam Smith's amazing thinking that should possibly be considered by our Government.