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David Ricardo

David Ricardo (April 19,1772- September 11, 1823), a British economist, was one of the most influential of the classical economists. He was also a successful businessman, financier and speculator, and amassed a considerable fortune.

Ideas associated with David Ricardo include:

  • The theory of comparative advantage, which showed that nations could benefit from free trade, even if a nation was less efficient at producing all kinds of goods than its trading partners.

  • Ricardian equivalence, an argument suggesting that in some circumstances the choice of a government to pay for spending using either taxes or deficit spending might have no effect on the economy.

  • An analysis of the nature of land rent.

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Referenced By

11 September | 11th September | 1772 | 1823 | 19.04. | 19 April | 19th April | Anthropological theories of value | Anti-Corn Law League | April 19 | April 19th | Arable land | Classical economics | Comparative Advantage | Corn Law | Corn Laws | Das Kapital | Economists | Engelsism | Exchange-value | Factor of production | Factors of production | Free-trade | Free trade | George Grote | History of Economic Thought | Imputation | Intellectual capital | Iron law of wages | James Mill | Joseph Schumpeter | Labor Theory Of Value | Labour Theory of Value | List of economists | List of people by name: Ri | List of things which are neither production nor consumption | List of utilitarians | Marxism | Marxist | Marxist Theory | Marxist school of economics | Marxists | Means of production | Nassau Senior | Nassau William Senior | Nicholas Vansittart | Nicholas Vansittart, 1st Baron Bexley | Nicholas Vansittart, 1st Lord Bexley | Paul Samuelson | Piero Sraffa | Political economist | Political economy | Political economy/archive | Ricardian | Ricardian economics | Ricardian equivalence | Samuel Bailey | September 11 | September 11th | Subsistence theory of wages | Thomas Edward Cliffe Leslie | Use-value | Wealth | William Stanley Jevons

 

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "David Ricardo".

 

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