Principles of Political Economy and TaxationDavid Ricardo (1772-1823), the founder of the classical school of economics, applied the deductive logic of the philosopher James Mill to the analysis of monetary principles. His chief work, "Principles of Political Economy and Taxation," first published in 1817, had a profound imapct and remains one of the groundworks of modern economics. Ricardo's labor theory of values, as well as his elaboration of the division of incomes, and the function of wages, rent, and trade, deeply influenced the economic philosophies of Karl Marx, John Stuart Mill, Alfred Marshall, and many others. |
Contents
13 | |
15 | |
17 | |
On Rent | 45 |
On the Rent of Mines | 58 |
On Natural and Market Price | 61 |
On Wages | 65 |
On Profits | 76 |
Taxes on Other Commodities Than Raw Produce | 169 |
Poor Rates | 179 |
On Sudden Changes in the Channels of Trade | 183 |
Value and Riches Their Distinctive Properties | 190 |
Effects of Accumulation on Profits and Interest | 200 |
Bounties on Exportation and Prohibitions of Importation | 208 |
On Bounties on Productions | 222 |
Doctrine of Adam Smith Concerning the Rent of Land | 226 |
On Foreign Trade | 89 |
On Taxes | 105 |
Taxes on Raw Produce | 109 |
Taxes on Rent | 121 |
Tithes | 123 |
LandTax | 126 |
Taxes on Gold | 133 |
Taxes on Houses | 140 |
Taxes on Profits | 143 |
Taxes on Wages | 150 |
On Colonial Trade | 234 |
On Gross and Net Revenue | 240 |
On Currency and Banks | 244 |
On the Comparative Value of Gold Corn and Labor in Rich and Poor Countries | 259 |
Taxes Paid by the Producer | 264 |
On the Influence of Demand and Supply on Prices | 266 |
On Machinery | 269 |
Mr Malthuss Opinions on Rent | 278 |
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Common terms and phrases
abundance accumulation Adam Smith additional advantage afford agriculture alteration amount annual annum Bank bounty bullion capital employed cause circulation circumstances cloth coin consequence consumer consumption cost of production cultivation currency demand for labor diminished diminution duce duction effect employment England equal exchangeable value expenses exportation farmer fertile fixed capital funds gold greater quantity high price importation improvements income increased labor necessary landlord lower machinery Malthus market price million modities money price money rent natural price obliged obtain paid percent population portion Portugal price of commodities price of corn price of labor price of raw profits of stock proportion purchase quantity of labor quarters raise the price rate of profits raw produce reduced regulated relative value rent of land revenue rich rise of wages says seignorage sell silver society sumer supply suppose taxation things tion value of money variations wages of labor wealth whilst whole wine
Popular passages
Page 19 - The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
Page 19 - In that early and rude state of society, which precedes both the accumulation of stock and the appropriation of land, the proportion between the quantities of labour necessary for acquiring different objects seems to be the only circumstance which can afford any rule for exchanging them for one another.
Page 24 - The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called ' value in use;' the other, * value in exchange.