Ce traité de référence de 1817 formule les principes directeurs de l'économie de marché. Ricardo, avec Adam Smith, est à l'origine du système classique d'économie politique, une école de pensée qui a dominé les politiques économiques tout au long du XIXe siècle et qui a figuré en bonne place dans les théories de John Stuart Mill et de Karl Marx.
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David Ricardo (1772-1823) was a British political economist, born in London. Ricardo was a political contemporary of Thomas Malthus, James Mill, and Adam Smith, with the latter’s The Wealth of Nations serving as a chief inspiration for his economic studies. Ricardo’s legacy is the Value Theory, which he details in his book, Principles of Political Economy and Taxation. Other well-known works by Ricardo are The High Price of Bullion, a Proof of the Depreciation of Bank Notes and Essay on the Influence of a Low Price of Corn on the Profits of Stock.
This landmark treatise formulated the guiding principles behind the market economy. Author Ricardo, with Adam Smith, founded the classical system of political economy, a school of thought that dominated economic policies throughout the 19th century and figured prominently in the theories of John Stuart Mill and Karl Marx.
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