Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.) The Works and Correspondence of David Ricardo, Vol. 1 Principles of Political Economy and Taxation
- David Ricardo (author)
- Piero Sraffa (editor)
- Maurice Herbert Dobb (editor)
On the Principles of Political Economy and Taxation provides analysis of the allocation of money between capitalists, landowners, and agricultural workers in Britain. Through this analysis, Ricardo came to advocate free trade and oppose Britain’s restrictive “Corn laws.” Here are his classic commentaries on certain points of contention and divergence with the political economic writings of Adam Smith and T. R. Malthus.
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Key Quotes
Taxation
There are no taxes which have not a tendency to lessen the power to accumulate. All taxes must either fall on capital or revenue. If they encroach on capital, they must proportionably diminish that fund by whose extent the extent of the productive industry of the country must always be regulated;…
Critical Responses
Essay
Economics and Ideology: Aspects of the Post-Ricardian LiteratureSamuel Hollander
A number of criticisms to Ricardo’s central ideas are discussed in this essay.
Essay
Searching for Capitalism in the Wreckage of GlobalizationOren Cass
In this article the author argues that Ricardo’s concept of comparative advantage is not of general application.
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