Great Economists · Classical
David Ricardo
The stockbroker-economist who explained why trade benefits even the less productive: comparative advantage with England and Portugal, the theory of rent, the Corn Laws fight, the labor theory of value, and Ricardian equivalence.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Adam Smith. Next: Thomas Malthus; John Stuart Mill. Sources: Ricardo, *On the Principles of Political Economy and Taxation* (1817); Marginal Revolution University 'Ricardo' videos; Robert Heilbroner, *The Worldly Philosophers* ch. 4.Next: 1. Life