On the Principles of Political Economy & Taxation/The Wealth of Nations/An Essay on Profits
About this book
Adam Smith founded free market framework and David Ricardo built the value theory on top the work done by Adam Smith. The path of value theory can be traced back to Adam Smith and David Ricardo. They rooted the path that continued by Benjamin Graham, Philip Arthur Fisher, and Warren Buffet. David Ricardo’s as a founding father of value theory contributed many aspects of the theory as the follows:1)Labor theory of value.2)Exchange value3)Value in use4)Rent5)Accumulation of inequality 6)Protectionism7)Comparative advantageDavid Ricardo was one of those rare people who achieved both tremendous investing success and lasting fame. When he died, his estate was worth more than $100 million in today’s dollars. At age twenty-seven, after reading Adam Smith’s The Wealth of Nations, Ricardo got excited about economics. The collection contains the following three books:1) ON THE PRINCIPLES OF POLITICAL ECONOMY, AND TAXATION – David Ricardo2) An Essay on Profits – David Ricardo3) The Wealth of Nations - Adam SmithTo systemically study value investing, the collection is a must read for intelligent investors.The collection has a table of contents for readers to access each chapter of the three books easily.