The Principles of Political Economy and Taxation
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The Principles of Political Economy and Taxation

David Ricardo

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eBook - ePub

The Principles of Political Economy and Taxation

David Ricardo

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About This Book

This landmark treatise of 1817 formulated the guiding principles behind the market economy. Author David Ricardo, with Adam Smith, founded the `classical` system of political economy, a school of thought that dominated economic policies throughout the nineteenth century and figured prominently in the theories of John Stuart Mill and Karl Marx.
A friend and colleague of James Mill, Thomas Malthus, and Jeremy Bentham — each of whom exercised a decided influence on his intellectual development — Ricardo elevated economic theory to hitherto unprecedented levels of sophistication. His clear and consistent definition of the classical system included the foundation of the tenets of diminishing returns and economic rent, which led to the doctrines known today as distribution theory and international trade theory, or comparative advantage. The Ricardian system continues to influence and inform modern economic thought, and The Principles of Political Economy and Taxation is essential reading for students of the social sciences.

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Year
2012
ISBN
9780486147918
INDEX
AGRICULTURE, effect of taxation on, 105, 118, 220
effect of war on, 177, 181
improved methods in, 40, 42, 71
nature’s aids to, 39
in relation to productive labour in general, 234-237
Banks, 238
rate of interest on money lent by, 246, 247
system of exchange with the Mint, 241, 242
Barton, on capital and labour, 270
Bills of exchange, 90, 91, 92
in relation to foreign currencies, 85, 92
Bounties, effect on colonial trade, 227
effect on price of commodities, 202
effect on relative value of money, 87, 207, 212
on exportation of corn, 201
on manufactures, 209
on production, 215
Buchanan, on bounties on exportation of corn, 211
on depreciation of the currency, 240, 251
on derivation of rent, 40, 224
on monopoly prices of raw produce, 166
on Poor Laws, 61
on rent as form of transferred revenue, 272
on rent in proportion to production, 224
on tax on malt, 168
on taxes on wages, 140, 143, 260
Bullion, exports and imports of, 150
Capital, 13
accumulation of, 73, 74, 79
British, in colonial trade, 231
circulating, 19, 23, 49, 94, 134
durability of, 18, 24, 27, 94
emigration of, 83
employment of, 48-51, 70, 164, 234, 235
fixed, 23, 29, 94, 133
increase in, causes of, 53, 54, 155
in foreign trade, 77, 78, 236
in home trade, 81, 83, 135
invested in land, 36, 41, 178-180
invested in machinery, 25, 26, 265
national, 94
nature of, 53
portion yielding no rent, 36, 37, 38, 64, 166, 189
price of commodities in relation to, 284
rent of land in relation to, 36
taxes on, 95
Cash accounts, 248
Colonial currency, 240
Colonial trade, 227
effect on British profits, 231
monopoly of, 231, 232
preference in, 231
Commercial treaties, ...

Table of contents