David Ricardo: Difference between revisions

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David Ricardo (19 April 1772 – 11 September 1823) was one of the most influential English classical political economists. He was also a member of Parliament, businessman and financier.

Perhaps his most important contributions were the law of Comparative Advantage, a fundamental argument in favour of free trade among countries and of specialization among individuals, and the Ricardian Equivalence, an argument suggesting that in some circumstances a government's choice of how to pay for its spending (i.e., whether to use tax revenue or issue debt and run a deficit) might have no effect on the economy.

External links

David Ricardo on Wikipedia
David Ricardo on the The Concise Encyclopedia of Economics
The Works of David Ricardo, 1846, from the Online Library of Liberty
The Works and Correspondence of David Ricardo (Sraffa edition) 11 vols at the Online Library of Liberty
The Ricardian Law of Association from the Human Action by Ludwig von Mises
Meeting Ricardo in the Stables by Susan Hogarth, December 2007

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	'''David Ricardo''' ([[19 April]] 1772 – 11 September 1823) was one of the most influential English classical political economists. He was also a member of Parliament, businessman and financier.		'''David Ricardo''' (19 April 1772 – 11 September 1823) was one of the most influential English classical political economists. He was also a member of Parliament, businessman and financier.

	Perhaps his most important contributions were the law of [[Comparative Advantage]], a fundamental argument in favour of free trade among countries and of specialization among individuals, and the [[Ricardian Equivalence]], an argument suggesting that in some circumstances a government's choice of how to pay for its spending (i.e., whether to use tax revenue or issue debt and run a deficit) might have no effect on the economy.		Perhaps his most important contributions were the law of [[Comparative Advantage]], a fundamental argument in favour of free trade among countries and of specialization among individuals, and the [[Ricardian Equivalence]], an argument suggesting that in some circumstances a government's choice of how to pay for its spending (i.e., whether to use tax revenue or issue debt and run a deficit) might have no effect on the economy.