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Lays the groundwork for the principles of the market economy. This book established the guiding ideas behind the economic concepts of diminishing returns and economic rent.
David Ricardo and T. R. Malthus shared an endearing friendship despite a contentious divergence of opinion on many political economic issues. This volume contains the formal remnants of their differences. Ricardo analyzes, issue-by-issue, his points of divergence to Malthus's "Principles of Political Economy." Malthus's contributions to political economics generally concern his bleak forecast that a geometrically growing population would surpass the arithmetically growing capacity of essential natural resources.The entire series includes: Volume 1 "On the Principles of Political Economy and Taxation"Volume 2 "Notes on Malthus's Principles of Political Economy"Volume 3 "Pamphlets and Papers 1809-1811 "Volume 4 "Pamphlets and Papers 1815-1823"Volume 5 "Speeches and Evidence"Volume 6 "Letters 1810-1815"Volume 7 "Letters 1816-1818"Volume 8 "Letters 1819-1821"Volume 9 "Letters 1821-1823"Volume 10 "Biographical Miscellany"Volume 11 "General Index"
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