KBC Offline Quiz (August 30, 2021): Who wrote the book 'The Principles of Political Economy and Taxation?
a. Karl Marx
b. David Ricardo
c. Amartya Sen
d. Fukuzawa Yukichi
Answer: David Ricardo
David Ricardo was a British political economist. He was one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. He was also a politician, and a member of the Parliament of Great Britain and Ireland.
Ricardo's most famous work is his Principles of Political Economy and Taxation (1817). The new interpretation affords a totally new reading of Ricardo's Principles of Political Economy and Taxation with regards to trade theory, although it does not change the mathematics of optimal resource allocation.