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.

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