Search results
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, politician, and member of the Parliament of Great Britain and Ireland. He is recognized as one of the most influential classical economists , alongside figures such as Thomas Malthus , Adam Smith and James Mill .
Sep 1, 2023 · David Ricardo (1772–1823) was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents. David...
David Ricardo, English economist who gave systematized, classical form to the rising science of economics in the 19th century. His laissez-faire doctrines were typified in his Iron Law of Wages, which stated that all attempts to improve the real income of workers were futile.
D avid Ricardo was one of those rare people who achieved both tremendous success and lasting fame. After his family disinherited him for marrying outside his Jewish faith, Ricardo made a fortune as a stockbroker and loan broker. When he died, his estate was worth more than $100 million in today’s dollars.
Jul 17, 2023 · Learn the major historical figures who first described the effects of international trade: Adam Smith, David Ricardo, and Robert Torrens.
David Ricardo, (born, April 18/19, 1772, London, Eng.—died Sept. 11, 1823, Gatcombe Park, Gloucestershire), British economist. The son of a Dutch Jew, he followed his father into the London stock exchange, where he made a fortune before turning to the study of political economy, in which he was influenced by the writings of Adam Smith .
David Ricardo’s story is more than a tale of financial success and intellectual prowess; it’s a narrative that illustrates the power of curiosity and the impact of economic thought on policy and global trade.
Dec 2, 2017 · This chapter introduces the reader to the life and the early work of David Ricardo. The first section gives a brief portrait of Ricardo as successful businessman, political economist and Member of Parliament. The second section elucidates Ricardo’s emerging...
Economists have focused on David Ricardo's idea of comparative advantage as the source of specialization and wealth creation from trade. Drawing on Adam Smith and the work of James Buchanan, Yong Yoon, and Paul Romer, Roberts argues that we've neglected the role of the size of the market in creating incentives for specialization and wealth ...
Arguably the greatest economist of his time, David Ricardo was born into a Jewish family in east London. He made his fortune in the City's emerging financial quarters before working out his theories of political economy, developing, for instance, ideas of gains from trade and a theory of distribution of factor returns that remain influential.
