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  1. Home
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  3. On the Principles of Political Economy, and Taxation
  • Cited by 92
Publisher:
Cambridge University Press
Online publication date:
February 2015
Print publication year:
2015
First published in:
1817
Online ISBN:
9781107589421
DOI:
https://doi.org/10.1017/CBO9781107589421
Subjects:
Social and Population History, British History after 1450, History, Economic History
Series:
Cambridge Library Collection - British and Irish History, 19th Century
Information

Book description

This work, originally published in 1817, is one of the founding texts of modern economics. Enormously successful as a stockbroker, David Ricardo (1772–1823) was able to lead the life of a wealthy country squire, while his intellectual interests caused him to move in the circles of Thomas Malthus and James Mill. It was at Mill's urging that Ricardo published this book, entered Parliament in 1819 (as an independent member for a rotten Irish borough) and worked for financial and parliamentary reform. Ricardo argues in this work that Adam Smith was mistaken in his understanding of the economic significance of rent, and also demonstrates the mutual benefit of free trade between countries, as against protectionism. The book's findings and conclusions have been controversial since its publication, but led John Stuart Mill to judge Ricardo 'the greatest political economist'.

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