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On the Principles of Political Economy and - RICARDO David - 1821. 
1821 - RICARDO, David. On the Principles of Political Economy, and Taxation. London: John Murray, 1821. Octavo, contemporary full tan calf rebacked, original black morocco spine label, raised bands. $3700.Third edition of Ricardo's most important work, the final one published in his lifetime, with revisions and amplifications to earlier editions."David Ricardo is without doubt the greatest representative of classical political economy. He carried the work begun by Adam Smith to the farthest point possible". Ricardo, writing 50 years later than Smith, showed a greater insight in the working of the economic system". In the opinion of his own contemporaries at home and abroad, Ricardo is acknowledged the leader of the science". His most important work is On the Principles of Political Economy and Taxation, first published in 1817" (Roll, History of Economic Thought, 155-6). "The fundamental groundwork of the Principles is based on the theory that, given free competition in trade, the exchange value of commodities will be determined by the amount of labor expended in production". [a thesis] which was given new force by the theory of distribution with which Ricardo reinforced it". Ricardo was, in a sense, the first "scientific' economist". [His work] has proved of lasting value" (PMM 277). "This is a most able, original and profound work. Its appearance formed a new era in the history of the science" (McCulloch, 16-17). Goldsmiths 23131. Lowndes, 2081. See Kress B7029. Owner signature.Some foxing; slight abrasions to covers. A very good, highly desirable copy, in handsome contemporary calf.
[Bookseller: Bauman Rare Books]
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