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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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