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Ricardo’s Principles, 200 Years Later
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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.
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- Bharadwaj, K. (1986), Classical Political Economy and Rise to Dominance of Supply and Demand Theories, Hyderabad: Universities Press.
- Eatwell, J. (1987), Imperfectionist Models, in Eatwell, J., Milgate, M. and Newman, P. (Eds.), The New Palgrave: A Dictionary of Economics, First Edition, London: Palgrave Macmillan.
- Gehrke, C. (2015), Non-English Editions of Ricardo’s Works, in Kurz and Salvadori (Eds.), The Elgar Companion to David Ricardo, Cheltenham: Edward Elgar, pp. 375-380.
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- Kurz, H.D. (2015), David Ricardo: on the art of “Elucidating Economic Principles” in the Face of a “Labyrinth of Difficulties”, European Journal of the History of Economic Thought, DOI: 10.1080/09672567.2015.1074713
- Kurz, H.D. and N. Salvadori (1995), Theory of Production: A Long-Period Analysis, Cambridge: Cambridge University Press.
- ---------- (2015) (Eds.), The Elgar Companion to David Ricardo, Cheltenham: Edward Elgar.
- Milgate, M. (2015), Member of Parliament, in Kurz and Salvadori (Eds.), The Elgar Companion to David Ricardo, Cheltenham: Edward Elgar, pp. 322-31.
- Pasinetti, L.L. (1960), A Mathematical Formulation of the Ricardian System, The Review of Economic Studies, 27(2): 78-98.
- Pivetti, M. (1991), An Essay on Money and Distribution, New York: Palgrave Macmillan.
- Ricardo, D. (1951), On the Principles of Political Economy and Taxation, as Vol. 1 in P. Sraffa (Ed.) with the collaboration of M. H. Dobb, The Works and Correspondence of David Ricardo, Cambridge: Cambridge University Press.
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