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Many of the problems of globalization confronting us today---including finding the right balance between economic growth, technological advance, and international trade, and human welfare---also troubled earlier generations. David Ricardo's Principles of Political Economy and Taxation represents an important early attempt to illuminate the problem and to offer viable policy solutions.
The book, like modern "principles of economics" textbooks, exposes readers to rigorous economic thinking and deductive reasoning, but does not contain advanced mathematics. Principles heavily influenced socialist thinkers such as Karl Marx as well as classical economists like John Stuart Mill and John R. McCulloch. In the economics of international trade, the book continues to be a major influence.
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James E Best
reviewed The Principles of Political Economy and Taxation (Barnes & Noble Library of Essential Reading) on May 19, 2019
The Principles of Political Economy and Taxation (Barnes & Noble Library of Essential Reading)
After Adam smith, one name that has changed the concept of the market economy is undoubtedly David Ricard. It's hard to believe that he was not introduced to economics even he was thirty years old.
His book political economy and taxation ahs change the discourse of many theories of economics ad paved the way for further analysis in this field. He laid the foundation of public finance and the market economy in his book.
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