19 June 2014
PROPERTY FROM A PRIVATE COLLECTION
RICARDO, David (1772-1823). On the Principles of Political Economy and Taxation. London: John Murray, 1817.
8o (216 x 138 mm). (Without the publisher's advertisements at end.) Contemporary half calf, grey paper boards, gilt spine (a trifle rubbed). Provenance: John Hales Calcraft: 19th century armorial bookplate; Helmut F. Friedlaender (bookplate; his sale Christie's New York, 23 April 2001, lot 176).
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
As an iconic 1972 model is offered online, we explain why this pioneering steel sports watch is so prized by collectors
Socialite and reality TV star Mark-Francis Vandelli brings his unique sense of theatre to The Collector auctions