We see that javascript is disabled or not supported by your browser - javascript is needed for important actions on the site. Read more

What's New - Home - Login

Member $avings: $81,547,395.77 | Books Available: 800,380 | Members Online: 100

Swap Used Books - Buy New Books at Great Prices!

How To Swap Books Sign Up Search submenu

PBS Market (New Books)

Gift Buying Guide

Book Browser Advanced Search Books Posted Today Member Book Reviews Award Winning Books NYT Best Sellers Amazon Best Sellers Most Traveled Copies Club Wish List

Discussion Forums Book Lists

Club Lists My Book Lists My Watched Lists Create a List

Blog Donations

School Donation Program In Memory of... Military Donation Program Friends of PBS

Box-O-Books Maps The Eclectic Pen Fun Stuff

20 Questions Sudoku Bookmark Creator

Top 100

Requests Posts Swappers Referrers Reviewers

Pulse of PBS Spread The Word

Invite Friends Bookmarks Facebook Page Facebook App More Ways...

Photo Gallery Recipes Club Tag Cloud Member Testimonials

Help Center submenu

How To Swap Books Browse Help Docs Ask the Librarian PBS Member Icons Live Help

Kiosk

PBS Market (New Books) Go Shopping Buy Credits Buy PBS Money Upgrade Membership Gift Certificates Transfer Credits

Need Help?

Search - WORKS AND CORRESPONDENCE OF DAVID RICARDO, THE (v. 1-11)

WORKS AND CORRESPONDENCE OF DAVID RICARDO THE - v. 1-11
Author: DAVID RICARDO

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... more » 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 labour 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 labour and has become the central argument for free trade and open markets. It implies that countries best serve themselves when they trade with other countries abiding by their respective scales of efficiency. Besides being the most efficient method of international commerce, the comparative-advantage mode of trade also encourages international stability through multilateral business interests and global interdependencies.As Frederic Bastiat, the French journalist and politician, wrote, 'If goods do not cross borders, armies will.' Throughout the years, several economists have elaborated on fundamental Ricardo themes and developed compelling theorems. Using Ricardo's assertions about the interrelationships among capital, labor, output, and investment, the Nobel laureate F A Hayek posed the Ricardo effect, a retort to John Maynard Keynes' accelerator principle. Robert Barro of Harvard University used Ricardo's equivalence theorem to argue that the distinction between government taxing its citizens or deficit spending on credit is inconsequential to the long-term aggregate economy.Gordon Tullock, one of the founders of the public choice school, built upon Ricardo's rent theory to explain his 'rent-seeking' phenomenon, which illuminates the inequitable and monopolistic distribution of excessive gains derived through discriminate government subsidies. This 11-volume set contains all of Ricardo's published and unpublished writings, and provides great insight into the early era of political economics by chronicling Ricardo's significant contributions to modern economics. The edition has been widely acclaimed as the best example, prior to the Glasgow edition of Adam Smith's writings, of scholarly editing applied to the work of an economist.It contains a general index and includes four volumes dedicated to his personal correspondence with such economic luminaries as Malthus, Jean-Baptiste Say, and James Mill, the father of John Stuart Mill. Complete sets of the edition have not been available for many years. This publication is an affordable paperback version of the hardcover edition prepared under the auspices of the Royal Economic Society by Piero Sraffa and printed by Cambridge University Press in 1951-1973.

ISBN-13: 9780865979765
ISBN-10: 0865979766
Publication Date: 10/1/2004
Pages: 4,624
Rating:

0 stars, based on 0 rating

Publisher: Liberty Fund Inc.
Book Type: Paperback
Members Wishing: 1
Reviews: Amazon | Write a Review

Back to the Top ↑

Search - WORKS AND CORRESPONDENCE OF DAVID RICARDO, THE (v. 1-11)

Loading...