Book Description
This set provides a definitive scholarly variorum edition of Malthus’s Principles of Political Economy. It contains the full text of the first 1820 edition, including Malthus's own invaluable 70-page summary, and contains details of all the additions, omissions, and emendations that occurred between the first and the second, posthumous, edition of 1836. The first edition is extremely rare, and for over 150 years confusions and disagreements have inevitably occurred in the interpretation of Malthus’s economics because of the absence of any systematic record of the differences between the two editions. The editor has written a lengthy and authoritative introduction giving an account, derived mainly from contemporary correspondence, of the events and circumstances surrounding the publication of the two editions. It shows the relationship between the Principles and Malthus’s other writings and activities as a political economist. there is also an editorial commentary that aims to explain the significance and origin of the alterations.
Book Description
This landmark treatise of 1817 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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Ricardo's classic development of his ideas in economics
Customer Reviews:
Is it over yet?.......2006-01-22
I don't want to insult Ricardo. He was unequivocally brilliant. But this book was painful to read. Granted, I am not an economist, so maybe this just wasn't for me. I found it dry and devoid of all emotion. I understand that it is intended to educate and to promote an economic theory, not to entertain, but God man, show your readers some mercy! I am a firm believer that if a book is too boring to read, the author's message will never get out, regardless of its merits.
Principles of Political Economy and Taxation by Ricardo.......2003-10-29
This work is a masterpiece of economic theory only second to
the Wealth of Nations by Adam Smith. Ricardo states that value
is a function of effort and not the price paid for labor. He
reminded us that labor plus the tools to assist labor affected
the creation of value. Therefore; increases in value were in
direct proportion to increments in labor. Value was also a
function of the time it took to bring the goods to market.
Surprisingly, the cultivation of inferior land resulted in a
higher exchangeable value of raw produce because more labor
was required in its production. If we become more efficient in
land cultivation, rents will go down because more can be
cultivated with less land. In addition, the exchangeable value
of commodities is undisturbed by natural or accidental causes.
Laborers derive their greatest pleasure when the market price
of labor exceeds the natural price. Therefore; wages will
increase in response to increases in the demand for labor.
Rises in rent are accompanied by increments in the share of
produce because landlords want more rent when harvests are
greater. Accordingly, the price of corn is a function of the labor to produce it. If wages go down, then prices must fall.
As the price of labor goes down, profits increase but the
price of the commodity may not go down. Taxes on profits
tend to increase the price of a commodity . If money is not
taxed, then all commodities will be subject to price increases.
Ultimately, a tax on land begets a tax on produce. In addition,
a tax on labor will raise its price. In addition, the price of
provisions determine the price paid to the worker. If money
decreases in value, all commodities will be subject to steep
price increases. This was seen in modern times with the
fluctuation of the Russian currency. Ultimately, bounty
lowers the price to foreigners because the government subsidizes
the bounty paid to the local merchants to stimulate trade.
The theory of rent transfers value but does not create it.
Ultimately, wages are determined by the price of food and
cost of production.
This theory of wages differs from Adam Smith who said that
wages were a function of the ease or hardship to do work, the
difficulty or expense of learning a trade, the constancy
of employment, the trust reposed in the workmen, the probability
of success or failure of the venture or the fear of misfortune.
David Ricardo's work is an important milestone in the theory
of economics and comparison to the work of Adam Smith.
Told the truth.......2003-08-18
David Ricardo was never one to mince words.
"The opinion entertained by the labouring class, that the employment of machinery in frequently detrimental to their interests, is not founded on prejudice and error, but is comfortable to the correct principles of political economy." Unlike today, the ruling class and their intellectuals of the 19th Century were not affraid to say what they were up to.
Divers Typos.......2003-03-04
The publisher should be convinced that the automatic spell checker should not be so heavily relied upon. The cover art is an expression of how an armchair graphic artist can be innovative with Photoshop. If a book of such high esteem be put out for public enrichment its presentation should not be so insincere.
A must for the student of Social Sciences.......2003-02-12
Along with Adam Smith, the Englishman David Ricardo is one of the fathers of the so-called Classics school of economic thought, and the Principles is his major opus, one he was very much reluctant to write, but only did so at the urgings of James Mill and his son John. Written in the first half of the 19th victorian century, he was nonetheless, a very freed mind, who did not accept or indulge in the extravagancies of the beginning of the industrialization proccess in England. To David Ricardo, Karl Marx owes a good share of his theory of labour, something essential in the labour movements of then. The concepts adapted and created by David Ricardo is transported to the text in a dry and concise style, not too much worried in polemics, but only interested in address the topics he raises in a very precise way. IF you are a student of Social Sciences, this book is a must.
Book Description
This volume unites, for the first time, Books IV and V of Mill's great treatise on political economy with his fragmentary chapters on socialism. His answers to policy questions are still highly relevant today, and Riley's introduction clarifies his distinctive liberal utilitarian philosophy.
Customer Reviews:
flawed but brilliant book........2007-09-07
John Stuart Mill was almost as unlucky as Karl Marx. Mill was the right man at the right time when it came to summing up Classical Economics. He was both brilliant and well situated. As the son of James Mill he knew David Ricardo well. Mill was also a gifted student. He spoke multiple languages as a small child. Mill famously claimed that "Happily, there is nothing in the laws of Value which remains for the present or any future writer to clear up; the theory of the subject is complete: the only difficulty to be overcome is that of so stating it as to solve by anticipation the chief perplexities which occur in applying it." Little did he know that in a few years the 'marginal revolution' would shred his definitive restatement of Ricardian economics.
Another notable-quotable passage concerns socialism: "If, therefore, the choice were to be made between Communism with all its chances, and the present [1852] state of society with all its sufferings and injustices; if the institution of private property necessarily carried with it as a consequence, that the produce of labour should be apportioned as we now see it, almost in an inverse ratio to the labour--the largest portions to those who have never worked at all, the next largest to those whose work is almost nominal, and so in a descending scale, the remuneration dwindling as the work grows harder and more disagreeable, until the most fatiguing and exhausting bodily labour cannot count with certainty on being able to earn even the necessaries of life; if this or Communism were the alternative, all the difficulties, great or small, of Communism would be but as dust in the balance." Looks like JSM is on the wrong side of history again, but he also noted: "But to make the comparison applicable, we must compare Communism at its best, with the régime of individual property, not as it is, but as it might be made." Fair enough. There are many other notable-quotable sections of Mill's book, though this edition omits many of them.
Mill's book is about the earliest work on comparative economic systems that I know of. The inclusion of Mills' chapters on socialism add much to this edition. Given that he was writing in the shadow of Malthus, he does take a rather pessimistic tone at times. Yet his discussion of the stationary state are interesting. On page 129 Mill discusses how the stationary state does not impose insurmountable obstacles to human improvement. It is also interesting to note the degree to which his arguments for limited government involvement in the economy fits with modern economic theory.
Mill was one of the greatest social theorists of all times. Yet he (and Marx) failed to see the importance of marginal concepts in economics. Mill was, however, a much better social theorist than Marx. Mill was able to arrive at some sound conclusions without modern price theory. This book also reveals Mills abilities as a social philosopher. This is a rare example of a book that it vitally important despite being fundamentally wrong. It is important not merely for historical reasons. PPE makes you think more deeply about economics, politics, and philosophy. Few thinkers have been as thought provoking as Mill, and likely few will match his level of acumen in the future.
Great book, but not in this edition.......2004-05-19
This book gives a comprehensive and readable, if somewhat formally written overview of classical economics, reflecting the state of the field in 1848. As may be expected of a book 150+ years old, much of its content is outdated today. But it's remarkable how well Mill's thoughts about the mechanics of the economy, and how they affect the fabric of society, have aged. It is most instructive to read the book in parallel with a competing, much more enthusiastically hyped text, also published in 1848: Karl Marx's "Communist Manifesto". Mill's "Principles" are required reading for everyone seriously interested in the history of economic thought.
But I have to agree with the earlier reviewer: don't read it in this edition! It's not just the footnotes, some of which were reprinted, some of which weren't. The trouble is that "Book 1: Production", is missing completely. That's a fifth of the whole text! That's the reason I'm giving the book three stars: five for the content, one for the edition.
My advice would be this: Check out the book in electronic form, which is available at the www.econlib.org website. If you like it, by all means buy a paper edition -- but not this one!
correction from argentina.......1999-08-24
I must be a complete idiot. I finally decided to open this abridged edition of Mill's Political Economy & Chaps on Socialism, just to see what's going on in there. Lo & behold, as anybody with eyes can see, there ARE extensive notes on the text, including an index of names referred to by Mill! However, I wish to reiterate my claim that it is an "awful edition" for idiots who don't open the book or are unable to read the table of contents. Why doesn't Oxford provide user guides to explain these complex matters?
Awful Edition.......1999-05-21
The Oxford Classic's edition of th Principles of J.S.Mill is an awful one. It not only omits complete sections of the work and doesn't mention it in the cover but lacks notes and even an index.
Don't buy it!
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- Organizing the basic principles
- Principles or Principals of Economic Sociology?
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Principles of Economic Sociology
Richard Swedberg
Manufacturer: Princeton University Press
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The Handbook of Economic Sociology, Second Edition
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The New Economic Sociology: A Reader
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The Economic Sociology of Capitalism
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Status Signals: A Sociological Study of Market Competition
ASIN: 0691074399 |
Book Description
The last fifteen years have witnessed an explosion in the popularity, creativity, and productiveness of economic sociology, an approach that traces its roots back to Max Weber. This important new text offers a comprehensive and up-to-date overview of economic sociology. It also advances the field theoretically by highlighting, in one analysis, the crucial economic roles of both interests and social relations.
Richard Swedberg describes the field's critical insights into economic life, giving particular attention to the effects of culture on economic phenomena and the ways that economic actions are embedded in social structures. He examines the full range of economic institutions and explicates the relationship of the economy to politics, law, culture, and gender. Swedberg notes that sociologists too often fail to properly emphasize the role that self-interested behavior plays in economic decisions, while economists frequently underestimate the importance of social relations. Thus, he argues that the next major task for economic sociology is to develop a theoretical and empirical understanding of how interests and social relations work in combination to affect economic action. Written by an author whose name is synonymous with economic sociology, this text constitutes a sorely needed advanced synthesis--and a blueprint for the future of this burgeoning field.
Customer Reviews:
Organizing the basic principles.......2007-07-13
From a highly qualified economic sociologist, this book plays a key role in organizing the basic principles from economic sociology. It is very useful for undergraduate students as well as those willing to join this field. By grasping its contents, readers will be able to move on to more indepth studies in the area.
Principles or Principals of Economic Sociology?.......2003-08-21
Richard Swedberg has produced a self-contradictory overview of economic sociology. The book isn't as much an attempt at a systematic set of princples of economic sociology as the title touts, as much as it is an overview of the work of principal economic sociologists. Swedberg professes to approach the subject from the "interpretive" or "world-view" method of sociologist Max Weber, but then proceeds to frame much of the discussion in a structuralist approach focusing on markets, political and legal institutions, and gender roles. Curiously, unlike Weber, Swedberg confines the discussion of religious worldviews to a mere eight pages of his 366 page text. One can only surmise that this might derive from Swedberg's social location as a scholar originating from Sweden, a secular welfare state, and from his position as an academic who, unlike Weber, has not been immersed in the commercial and legal worlds. Nonetheless this is a comprehensive survey of the topic which will mainly be of parochial importance to other sociologists, which appears to be the reference group to which the book is addressed. Despite these limitations the book contains a fascinating discussion of markets in history, is dotted with humorous cartoons to lighten up serious subjects, and contains a 50-page bibliography as part of the 366 page book. Swedberg has done the heavy lifting for future economic sociologists. But any major contributions to economic sociology are not likely to come from the academy alone, but from some individual immersed in both the academy and commerce as was Max Weber. Swedberg finds that the common thread through the works of other economic sociologists is the central concept of "economic interests." But he doesn't delve into how interests are often socially constructed and often ironically may not in the best interest of the social groups espousing such interests. Unlike Weber, Swedberg glosses over which social classes embody such interests. For instance, the author omits any discussion of the rise of the new knowledge class in modern societies, which is antagonistic toward business and economics. Again, one can only surmise this comes from the author's lack of role distance on the subject as a member of the knowledge class. This book is the only readable and comprehensive text of economic sociology available of which I am aware.
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Principles of Group Solidarity (California Series on Social Choice and Political Economy)
Michael Hechter
Manufacturer: University of California Press
ProductGroup: Book
Binding: Paperback
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ASIN: 0520064623 |
Book Description
Social scientists have long recognized that solidarity is essential for such phenomena as social order, class, and ethnic consciousness, and the provision of collective goods. In presenting a new general theory of group solidarity, Michael Hechter here contends that it is indeed possible to build a theory of solidarity based on the action of rational individuals and in doing so he goes beyond the timeworn disciplinary boundaries separating the various social sciences.
Customer Reviews:
A good beginning.......2003-09-12
Hechter's text is a good beginning to the problem of solidarity, but it lacks the completeness that is needed in this field. For instance, there is a notable lack of generalizability beyond the human animal. Additionally, all of the evidence Hechter musters come from artificial groups, rather than natural ones; it is not easy to see how his principles might apply to certain naturally occurring groups. Hecther also leaves out a discussion of emotion in solidarity--a point that seems necessary to include. Finally, while Hechter spends some time on the problem of freeriders, he never really solves the dilemma. In fact, it is difficult to see how his theory can adequately deal with this vital issue.
But the good thing is that Hechter does lay a foundation for further study of this important topic. Hechter quite correctly elevates the issue of solidarity to a central place in sociology. The use of a tempered rational choice approach is nicely reasoned and given just due. All in all, this is a must read for those wishing to begin studying the problem of solidarity, but it is just that--a beginning point.
Book Description
The standard economics textbook for more than a generation, PRINCIPLES OF POLITICAL ECONOMY, written by John Stuart Mill (1806-1873) in 1848, is as much a synthesis of his predecessors' ideas as an original treatise on economics. Heavily influenced by the work of David Ricardo, and taking ideas from Adam Smith and Thomas Malthus, Mill demonstrates how important economic concept can be applied to realworld situations.
Reflecting his utilitarian social philosophy, Mill suggests that social improvements are always possible. He thus proposes modifying a purely laissez-faire system, advocating trade protectionism and regulation of employees' work hours for the benefit of domestic industries and workers' well-being. In such features he displays a leaning toward socialism.
For anyone with an interest in the history of economics or the history of ideas, Mill's landmark work still makes for stimulating reading.
Customer Reviews:
The Hobo Philosopher.......2007-09-14
This is a very good and very pertinent book. If the people of the time had paid more attention to Mill as opposed to Ricardo and then Marks our world would definitely have been a safer and more peaceful place. Mill has some very sound economic ideas. His ideas are not only reasonable and rational they are possible, compassionate and much more sensible that what we have today; ideas that should be revived and reviewed today. He has a number of interesting answer to basic economic problems. If economics is your passion don't miss this one. This man is no dummy.
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Principles of Political Economy and Taxation
David Ricardo
Manufacturer: Adamant Media Corporation
ProductGroup: Book
Binding: Paperback
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ASIN: 054395823X
Release Date: 2001-06-21 |
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Edited by E.C.K. Gonner. This Elibron Classics book is a facsimile reprint of a 1908 edition by George Bell and Sons, London.
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Strategic Challenges in European Banking
Manufacturer: Palgrave Macmillan
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Binding: Hardcover
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ASIN: 033373405X |
Book Description
The fourteen essays in this volume are by leading European researchers who explore the issues involved in European banking, now changing at an unprecedented rate. Competition and efficiency are now dominant banking concerns, and they are covered here along with various aspects of the strategies of EU banks and the impact of EMU.
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