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50th Anniversary Anthology of the Works of David Ricardo

This List Is By:

Liberty Fund Staff

Liberty Fund, Inc., Indianapolis, Indiana

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The 50th Anniversary of Liberty Fund (1960-2010)

Liberty Fund was founded in 1960 thus making 2010 its 50th Anniversary Year. As part of the celebrations organized for this year we plan to create a number of anthologies drawn from the books which Liberty Fund has published over the decades. The idea is to introduce readers to some of the outstanding material which Liberty Fund has produced over this period in the hope that it might encourage people to read the original books for themselves.

In particular, we will showcase the outstanding definitive scholarly editions of the following economists and political theorists:

Additional anthologies of Liberty Fund books are planned in the following subject areas and topics: The American Revolution and Constitution, History of Political Thought, Economics, History, Law, Political Thought.

A complete list of books published by Liberty Fund can be found at its online catalog from which they can be purchased. Many of these are also available online at the OLL here.

David Ricardo (1772-1823)

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David Ricardo (1772-1823) was born in London of parents recently emigrated from Amsterdam, where he was educated as a youth in yeshivas. He returned to London and made a large fortune as a stockbroker, and eventually was elected to Parliament; but he also enjoyed reading about economics. He was ultimately inspired by Smith’s The Nature and Causes of the Wealth of Nations, and, using his background in the stock market and his natural incisive ability, actively disagreed with the mercantilist views on gold accumulation and the pricing of gold. He eventually took on some of Smith’s inconsistencies, and in the process developed the role of comparative advantage in international trade. He is one of the early describers of what has become known as “Ricardian equivalence” - the condition that real interest rates are influenced by government spending, but not necessarily by the way the government finances that spending (via borrowing or taxation). His contributions to the economics of rent, monetary theory, and the theory of value influenced economists of his day and since. [The image comes from “The Warren J. Samuels Portrait Collection at Duke University.”]

The selections are taken from Liberty Fund’s edition of the The Works and Correspondence of David Ricardo, ed. Piero Sraffa, 11 vols.

For additional reading see: