Ricardo’s principles, 200 years later

Thomas, Alex M. (2017) Ricardo’s principles, 200 years later. Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, 59 (4). pp. 334-338. ISSN 0971-586X

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David Ricardo’s 1817 work, On the Principles of Political Economy, and Taxation (Principles hereafter), is a classic in economics, and revised editions were published in 1819 and 1821. Unfortunately, all classics are ill-fated because they are often quoted but seldom read. Classics are revered and quotations from them adorn the walls of economics departments. Another way in which economics students learn about Ricardo is in the initial chapters of their textbooks, suggesting that these ideas were once-upon-a-time relevant, and that the current economics is an intellectual advance over Ricardo’s economics. It is in this way that his comparative advantage theory, growth theory, rent theory, and tax theory have been assimilated into various textbooks.

Item Type: Article
Authors: Thomas, Alex M.
Uncontrolled Keywords: Economics, Politics,Taxation
Subjects: Social sciences > Economics
Divisions: Azim Premji University > School of Arts and Sciences
Full Text Status: Restricted
Note: A review of David Ricardo’s enduring ideas, 200 years after the first edition of On the Principles of Political Economy, and Taxation.
URI: http://publications.azimpremjiuniversity.edu.in/id/eprint/145
Publisher URL: http://www.i-scholar.in/index.php/ArthaVij

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