On The Principles Of Political Economy And Taxation (1821)

On The Principles Of Political Economy And Taxation is a seminal work by the British economist David Ricardo, first published in 1821. The book explores the fundamental principles of economics, including the concepts of value, exchange, and capital, and how they relate to the functioning of the economy as a whole.Ricardo's key contribution to economic theory was his theory of comparative advantage, which argued that countries should specialize in producing goods in which they have a comparative advantage, and trade with other countries to obtain goods in which they do not have a comparative advantage. This theory has been highly influential in shaping modern international trade policy.In addition to his theory of comparative advantage, Ricardo also discusses the role of taxation in the economy, arguing that taxes should be levied in a way that minimizes their negative impact on economic growth and productivity. He also explores the impact of technological change on the economy, and how it can lead to changes in the distribution of wealth and income.Overall, On The Principles Of Political Economy And Taxation is a highly influential work that has shaped economic thinking for centuries. It remains an important reference for economists, policymakers, and anyone interested in understanding the fundamental principles of economics.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.