On the Principles of Political Economy, and Taxation.London: John Murray, 1817 Stock Code: 130054
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 labour 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.
Octavo (214 x 137 mm). Rebound to style in smooth half calf, spine lettered in gilt to second compartment with blind-tooled decoration to remainder, raised bands, marbled paper-covered boards, edges sprinkled red.
Library stamp to title page. Head of spine and first two raised bands very slightly rubbed, contents foxed with the occasional pencil annotation to margins, horizontal tear to leaf T4 (pp. 279-80) discreetly repaired, and a few small blue ink marks to the index leaves, else a very good copy.
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