Research topic:David Ricardo

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Ricardo, David

The Oxford Companion to British History | 2002 | | © The Oxford Companion to British History 2002, originally published by Oxford University Press 2002. (Hide copyright information) Copyright

Ricardo, David (1772–1823). Born in London of Dutch parents, Ricardo's career 1793–1814 was as a stockjobber, initially in the family firm. Accruing a reasonable fortune, he bought the country estate of Gatcombe Park in 1814; by 1819 he was elected member of Parliament. Much of his time was devoted to the study of mathematics, sciences, and political economy; this led to On Principles of Political Economy and Taxation (1817), where the influence of Adam Smith's Wealth of Nations is to be seen. His work was highly significant, with great originality in theoretical economics across a broad subject area, covering the theory of value and distribution and particularly the law of rent. He is credited also with the theory of comparative advantage which proposed international specialization in traded products and was the foundation of the free trade argument.

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JOHN CANNON. "Ricardo, David." The Oxford Companion to British History. Oxford University Press. 2002. Encyclopedia.com. 9 Nov. 2009 <http://www.encyclopedia.com>.

JOHN CANNON. "Ricardo, David." The Oxford Companion to British History. Oxford University Press. 2002. Encyclopedia.com. (November 9, 2009). http://www.encyclopedia.com/doc/1O110-RicardoDavid.html

JOHN CANNON. "Ricardo, David." The Oxford Companion to British History. Oxford University Press. 2002. Retrieved November 09, 2009 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O110-RicardoDavid.html

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