Research topic:David Ricardo

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Ricardo, David

A Dictionary of World History | 2000 | © A Dictionary of World History 2000, originally published by Oxford University Press 2000. (Hide copyright information) Copyright

Ricardo, David (1772–1823) British political economist who, with Adam SMITH, founded British classical economics. In 1819–23 he was an MP, supporting FREE TRADE, a return to the gold standard, and the repeal of the CORN LAWS. He is best remembered for his Principles of Political Economy and Taxation (1817), arguing that the value of a commodity is related to amount of labour required to make it — a premise later adopted by Karl MARX. He also formulated the law of comparative advantage in international trade.

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Ricardo and Keynes on war finance.
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Ricardo, David
Encyclopedia entry from: International Encyclopedia of the Social Sciences Ricardo, David 1772-1823 David Ricardo was born into a prolific Sephardic Jewish family in London on April 18, 1772. His father was a well-to-do stockbroker. David, already “ when young, showed a taste for abstract and general...
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Trade, Angloportuguese
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