Question

The book "The Principles of Political Economy and Taxation" is written by-

• A. David Ricardo
• B. Malthus A
• C. Marshall D
• D. Adam Smith

Hint:

For classical economists, associate each with their main work: Adam Smith $\rightarrow$ Wealth of Nations; David Ricardo $\rightarrow$ Principles of Political Economy and Taxation; Thomas Malthus $\rightarrow$ Essay on Population.

Answer 1

The Correct Option is A

Step 1: Identifying the Author of a Classic Economic Text:
This question asks to identify the author of a foundational book in classical economics.

Step 2: Detailed Explanation of Authors and their Works:


David Ricardo: An influential British classical economist, David Ricardo published "On the Principles of Political Economy and Taxation" in 1817. This book introduced key economic concepts like the theory of comparative advantage, the labor theory of value, and the theory of economic rent. This is the correct answer.
Thomas Malthus: A contemporary of Ricardo, he is best known for his 1798 work, "An Essay on the Principle of Population."
Alfred Marshall: A leading neoclassical economist, his most famous work is "Principles of Economics" (1890).
Adam Smith: Known as the father of modern economics, his seminal work is "An Inquiry into the Nature and Causes of the Wealth of Nations" (1776).

Step 3: Final Answer:
The author of "The Principles of Political Economy and Taxation" is David Ricardo.