ThomasMalthus_DavidRicardo
Principles of Political Economy and Taxation
In 1817 David Ricardo published Principles of Political Economy and Taxation. In his work Ricardo proposed a theory that went against parts of Adam Smith's theory of capitalism and inspired Karl Marx. He outlined the Classical system more clearly and consistently than anyone before had done. While his ideas were followed they slowly were replaced. However, even today the "Neo-Ricardian" research program exists.
Principles of Political Economy and Taxation
In 1817 David Ricardo published Principles of Political Economy and Taxation. In his work Ricardo proposed a theory that went against parts of Adam Smith's theory of capitalism and inspired Karl Marx. He outlined the Classical system more clearly and consistently than anyone before had done. While his ideas were followed they slowly were replaced. However, even today the "Neo-Ricardian" research program exists.