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- Title
A „túl elméleti” tőzsdeügynök: David Ricardo és az Alapelvek kétszáz éve.
- Authors
Madarász, Aladár
- Abstract
This essay appeared first as an introduction to a new Hungarian edition of Ricardo’s Principles and some other writings: “The High Price of Bullion”, “Plan for the Establishment of a National Bank”, “Absolute Value” and “Exchangeable Value”. After outlining his life and stock-market success, it analyses and comments on his essays, pamphlets and opus magnum: The Principles of Political Economy and Taxation. These cover important aspects of the political economy, from money and banking through fiscal and monetary policy to agriculture, international trade and protection, from taxation to public debt, and many others. His main political economy topics are value theory and distribution: laws regulating the incomes of the three basic social classes: landlords, workers and capitalists. He is still the subject of controversy: praised and admired for creating a rigorous, scientific political economy, but criticised as too abstract and speculative. The essay makes a critical assessment of the main interpretations of Ricardo and recent controversies on concepts attributed to him: the corn model, comparative costs, “Ricardian equivalence”, “Ricardian vice”.
- Publication
Economic Review / Kozgazdasagi Szemle, 2018, Vol 65, p449
- ISSN
0023-4346
- Publication type
Article
- DOI
10.18414/KSZ.2018.5.449