David Ricardo – On The Principles Of Political Economy And Taxation
David Ricardo – On The Principles Of Political Economy And Taxation
David Ricardo – On The Principles Of Political Economy And Taxation
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DAVID RICARDO – ON THE PRINCIPLES OF POLITICAL ECONOMY AND TAXATION
The guiding principles behind the market economy were formulated by this landmark treatise. The school of thought that dominated economic policies throughout the 19th century and figured prominently in the theories of John Stuart Mill and Karl Marx was founded by David and Adam Smith. Distribution theory and international trade theory were developed from the foundation of diminishing returns and economic rent.
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