Principles of Political Economy
considered with a view to their practical application.
London, John Murray, 1820
'The Principles had only a limited impact at the time, and was severely criticized by J. R. McCulloch and Ricardo; the latter prepared extensive critical notes. More recently it has received greater recognition, largely as a result of the comments by J. M. Keynes in the 1930s. Keynes argued that Malthus's theory of effective demand provided a scientific explanation of unemployment, and that the hundred-year domination of Ricardo over Malthus had been a disaster for the progress of economics. Keynes believed that if economics had followed Malthus instead of being constrained by Ricardo in an artificial groove, the world would be a much wiser and richer place.' (ODNB).
First edition; 8vo; small ownership stamp to lower outside corner of title-page, small, early 20th century bookseller's label to lower outside corner of verso of upper free endpaper, a little age-toning and small ink smudge to title, otherwise near-fine, nineteenth century half calf over marbled boards, rubbed at extremities, spine faded, a very good copy; vi, 601 pp.
Goldsmiths' 22767; Kress C.577.
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