David Ricardo

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Dictionary Says

Definition of 'David Ricardo'

A classical economist known for his Iron Law of Wages, labor theory of value, theory of comparative advantage and theory of rents. David Ricardo and several other economists also simultaneously and independently discovered the law of diminishing marginal returns. His most well-known work is the The Principles of Political Economy and Taxation (1817).
Investopedia Says

Investopedia explains 'David Ricardo'

Born in England in 1772, Ricardo had accumulated a sizable estate worth approximately £1 million at the time despite being disinherited by his family after marrying outside his religion. His wealth came from his success with a business he started that dealt government securities. After retiring at age 42, he served as a member of Parliament.
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'David Ricardo'

  • What is the Ricardian vice?

    http://www.investopedia.com/ask/answers/08/ricardian-vice.asp
    ... The Ricardian vice is prevalent in economics and is named after David Ricardo, one
    of the first economists to bring mathematical rigor to the discipline. ...

  • How Influential Economists Changed Our History

    http://www.investopedia.com/articles/07/economists.asp
    ... and Economics Basics.) 2. David Ricardo (1772 to 1823) A large family could have
    contributed to Ricardo's drive - he was the third child of seventeen children ...

  • What is comparative advantage?

    http://www.investopedia.com/ask/answers/09/law-comparative-advantage.asp
    ... Popularized by David Ricardo, comparative advantage argues that free trade works
    even if one partner in a deal holds absolute advantage in all areas of ...

  • What is the homo economicus?

    http://www.investopedia.com/ask/answers/08/homo-economicus.asp
    ... that man acts in his own self-interest often is attributed to other economists and
    philosophers, like economists Adam Smith and David Ricardo, who considered ...

  • Debt Monetization: A Nearsighted Government Policy?

    http://www.investopedia.com/articles/economics/09/debt-monetization.asp
    ... capital. This is called debt neutrality or the Ricardian Equivalence, named
    after David Ricardo the famous 18th century economist. Debt ...

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