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Author: CARAVALE, GIOVANNI A. AND TOSATO, DOMENICO A.
Title: Ricardo and the Theory of Value, Distribution and Growth
Description: London, Routledge & Kegan Paul. 1980, First Edition. (ISBN: 0710005083) Hardcover with dust jacket, 8vo - over 7¾" - 9¾" tall. David Ricardo (18 April 1772 - 11 September 1823) was a political economist, often credited with systematizing economics, and was one of the most influential of the classical economists, along with Thomas Malthus and Adam Smith. He was also a member of Parliament, businessman, financier and speculator, who amassed a considerable personal fortune. Perhaps the most important of his contributions was the theory of comparative advantage, a fundamental argument in favor of free trade among countries and of specialization among individuals. Ricardo argued that there is mutual benefit from trade (or exchange) even if one party (e.g. resource-rich country, highly-skilled artisan) is more productive in every possible area than its trading counterpart (e.g. resource-poor country, unskilled laborer), as long as each concentrates on the activities where it has relative productivity advantage. Very Good/Very Good.
Keywords: Money Business Finance Economics Investment Stocks Currency Banking John Maynard Keynes Social History Politics Commerce Capitalism Monetrism City of London Insurance Stock Exchange Trade Unemployment Competition Monopoly Distribution Production Marketing
Price: GBP 14.99 = appr. US$ 21.41 Seller: Delectus Books
- Book number: 033009
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