A Key to Ricardo.

Cover; Title page; Copyright page; Contents; FOREWORD by Professor W.H. Hutt; PREFACE; REFERENCES; 1 GENERAL OUTLINE; 2 PRICES IN THE LONG RUN ARE DETERMINED BY THE COST OF PRODUCTION; 3 MODIFICATIONS OF THE DOCTRINE THAT VALUE IS IN PROPORTION TO THE QUANTITY OF LABOUR; 4 DIFFERENT QUALITIES OF LABOUR; 5 PRODUCTION OF EQUAL VALUES AT UNEQUAL COSTS; 6 THE THEORY OF RENT; 7 RICARDO AND THE WAGES FUND; 8 THE NATURAL PRICE OF LABOUR; 9 THE NATURAL TENDENCY OF PROFITS IS TO FALL; 10 RICARDO'S DOCTRINE THAT IF WAGES RISE, PROFITS FALL, WHILE THE PRICE OF THE PRODUCT IS NOT AFFECTED.

11 CONTROVERSY WITH MALTHUS REGARDING REDUNDANT CAPITAL OR DEFICIENT DEMAND12 RICARDO'S NEW CHAPTER ON MACHINERY. HIS 'CHANGE OF OPINION'; 13 THE DEMAND FOR LABOUR. FURTHER COMMENTS ON RICARDO'S NEW CHAPTER; 14 RICARDO VERSUS SAY. COST OR UTILITY THE FOUNDATION OF VALUE?; 15 THE VALUE OF MONEY AND OF GOLD; 16 RICARDO'S CHAPTER ON TAXES ON PROFITS; 17 THE MEASUREMENT OF VALUE; Index of passages in Ricardo's Principles quoted or referred to.

Ricardo is one of the most imposing figures in the history of economic thought, yet at times his writings are among the most obscure. A Key to Ricardo traces, simplifies and clarifies Ricardo's ideas on the principal topics on which he wrote. The book provides a careful analysis of Ricardo's most cryptic passages and also explores areas where Ricardo appears to be mistaken. Setting Ricardo's writings against the context of his contemporaries, the relevance of the Ricardian contribution to subsequent economic thinking is nonetheless made very clear.

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