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Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
David Ricardo (1772-1823), the founder of the classical school of
economics, applied the deductive logic of the philosopher James
Mill to the analysis of monetary principles. His chief work,
Principles of Political Economy and Taxation, first published in
1817, had a profound impact and remains one of the groundworks of
modern economics. Ricardo's labor theory of value, as well as his
elaboration of the division of incomes, and the function of wages,
rent, and trade, deeply influenced the economic philosophies of
Karl Marx, John Stuart Mill, Alfred Marshall, and many others.
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. Its foundation of the tenets of diminishing returns
and economic rent led to the doctrines known today as distribution
theory and international trade theory, and the Ricardian system
continues to influence and inform modern economic thought
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