5 December 2008
RICARDO, David (1772-1823). On the Principles of Political Economy and Taxation. London: John Murray, 1817.
8o (215 x 135 mm). (One or two spots, bound without publisher's advertisements.) Contemporary calf gilt (rebacked to style, endpapers renewed).
"A GREAT MANUFACTURING COUNTRY IS PECULIARLY EXPOSED TO TEMPORARY REVERSES AND CONTINGENCIES, PRODUCED BY THE REMOVAL OF CAPITAL FROM ONE EMPLOYMENT TO ANOTHER" (page )
FIRST EDITION OF RICARDO'S FUNDAMENTAL CONTRIBUTION TO THE SCIENCE OF ECONOMICS. Ricardo is credited with the first systematic and scientific approach to economics; his exact mathematical approach and careful deductive methods provided a model for future texts in the field. Ricardo's interest in political economy was aroused in 1799 by a chance reading of Adam Smith. While he enjoyed cordial relations with Malthus, his economic views were decidedly anti-Malthusian. In 1815 he was urged by James Mill and others to set out a systematic account of his own theories. This led to the publication of the Principles, the result of little more than six months sustained work on his part. The "principal problem in political economy" as he defines it, is the "laws" which regulate "the natural course of rent, profits and wages" over time ("Preface"). However, his book covered not only those laws but also a newly developed labor theory of value, the theory of international comparative advantage, monetary theory, the influence of taxation, and strictures on the writings of his predecessors and contemporaries. Kress B7029; Goldsmith 21734; PMM 277.
Contact Client Service
New York +1 212 636 2000
London +44 (0)20 7839 9060
Asia +852 2760 1766
John Nash’s incredible story was told in the 2001 Oscar-winner, A Beautiful Mind. On 25 October his Nobel Prize for Economics is offered in New York
As Dashiell Hammett first editions are offered in New York, his biographer pays tribute to the crime writer who transformed US literature
Mark Wiltshire, Associate Specialist in Science & Books, walks us through the history of Christianity’s most influential printed text
Our Books and Manuscripts specialists advise on a richly rewarding and ever-evolving collectors’ market
This rare Qianlong-period bell was owned by one of the greatest collectors of the 20th century — William Randolph Hearst. Specialist Marco Almeida tells its story
Why the experts are still baffled by art dealer Oliver Hoare‘s 17th-century pomander with possible royal provenance