The Principles of Political Economy and Taxation

Good quality book

This principle I was taught is the basis of advocacy for free trade.This is before Ludwig von Mises birthed the Austrian school of economics and their obsession with inflation.David Ezrin "Heracles" Hans Riccardo "Ulmo"When naming gentry correctly, put the first name, then the feudal title.

Whilst (for me - but hey - who am I to critisise) there are a few Homer Simpson 'doh' moments in Ricardo's thinking, his underlying principles are possibly more valid today to dig a country out of recession, than they were 'in the day'. Substitue Ricardo's various types of land - and what makes each desirable to own and RUN, and you have the principles of GLOBAL eCommerce trading - comparing (say) a farmer who realises a much larger income from his land by leaving his field 'fallow' and running 'car boot sales' once a week instead, to (say) trading on eBay as a 'market full of stalls where everyone wants something for nothing, to (say) selling on Amazon in a shopping mall full of shops where the more discerning customers flock. If (and its a BIG 'if') a trading treaty was signed to join America to the British Commonwealth - big and small - and also join America to Europe, we would see the end of the recession, we would blow the heavily subsidised goods we purchase from the Far East clean out of the water, and in doing so, we would see the dearth of famine, want, and disease as all three economies 'pull together' to achieve sustainable growth for everyone. Yes Ricardo's thinking is along the lines of Adam Smith - the man responsible for the principles that made Britain the richest country in the world - but Ricardo also has some very good 'twists' to Adam Smith's amazing thinking that should possibly be considered by our Government.

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