This article, by utilizing Ricardo's numerical examples, derives theoretical statements about the deviations of relative values (prices) from relative labor times. These deviations result from the presence of capital and the distributive variables (rate of profit and wage) and production...

The greatest works of economists have the potential to provide insights on current economic developments and policy challenges long after they are written. This book seeks to investigate the evolution of the core ideas and policy recommendations of the major schools of economic thought, and to...

Chapter 1. Introduction -- Chapter 2. Methodology and its Use in Economics -- Chapter 3. The Origins of Economic Theory -- Chapter 4. Adam Smith’s Wealth of Nations -- Chapter 5. David Ricardo’s Principles of Political Economy -- Chapter 6. Karl Marx’s Das Kapital -- Chapter 7. The...