<p>David Ricardo was born in London in 1772. His father, a successful stockbroker, introduced him to the Stock Exchange at the formative age of fourteen. During his career in finance, he amassed a personal fortune which allowed him to retire at the age of forty-two. Thereafter, he pursued a political career and further developed his economic ideas and policy proposals. A man of very little formal education, Ricardo arguably became, with the exception of Adam Smith, the most influential political economist of all time.</p> <p>Ricardo was the first economist to make extensive use of deductive reasoning and arithmetical models to illustrate the anticipated reactions to juxtaposed market forces and responsive human action. His modes of analysis have become identified with economics as an academic discipline.</p> <p>Like Smith, Ricardo believed that minimal government intervention best served an economy. His contributions to economics are numerous and include the theory of “hard money” to hedge inflation, the law of diminishing returns, developed along with his close friend the classical economist T. R. Malthus, and the labor theory of value.</p> <p>One of Ricardo’s most significant contributions to economics is the law of comparative advantage as applied to international commerce, which grew out of Adam Smith’s division of labor and has become the central argument for free trade and open markets.</p>
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Paperback. Zustand: new. Paperback. This is the introductory volume to the four volumes containing relevant letters between Ricardo and many influential thinkers of his age. Many of these letters influenced the development of Ricardo's ideas on political economy. The letters within this volume span the years of Ricardo's economic thought throughout 1814 and 1815. This is the period of Ricardo's life leading up to the publication of his "Essay on the Influence of the Low Price of Corn on the Profits of Stock" (1815), which formed the basis of his most significant contributions to political economics. This volume contains a preface to the entire series of 555 letters and introductory notes. The introductory notes to the correspondence explain the thematic co-ordination of the letters and provide brief biographical comments on Ricardo's correspondents, paying special attention to their personal relationship to Ricardo and their political economic relevance. This is the introductory volume to the four volumes containing relevant letters between Ricardo and many influential thinkers of his age. Many of these letters influenced the development of Ricardo's ideas on political economy. The letters within this volume span the years of Ricardo's economic thought throughout 1814 and 1815. This is the period of Ricardo's life leading up to the publication of his "Essay on the Influence of the Low Price of Corn on the Profits of Stock" (1815), which formed the basis of his most significant contributions to political economics. This volume contains a preface to the entire series of 555 letters and introductory notes. The introductory notes to the correspondence explain the thematic co-ordination of the letters and provide brief biographical comments on Ricardo's correspondents, paying special attention to their personal relationship to Ricardo and their political economic relevance. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verkäufers 9780865979703
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