RICARDO, David (1772-1823)
On the Principles of Political Economy and Taxation
Georgetown: Joseph Milligan, 1819. viii, 448, pp.
Bound to style in tan calf and marbled boards.
First American edition, after the first London edition of 1817.
Ricardo (1772-1823) made a fortune in the London Stock Exchange before he reached the age of twenty-five, was elected to Parliament, and is considered the first "scientific" economist. "The fundamental ground-work of the Principles is based on the theory that, given free competition in trade, the exchange value of commodities will be determined by the amount of labour expended in production: not a wholly original thesis, nor one capable of absolute expression, but one which was given new force by the theory of distribution with which Ricardo reinforced it" - PMM.
Printing & The Mind of Man 277 (London ed); Shaw & Shoemaker 49280.